Cwm LLC Purchases 607 Shares of Knowles Co. (NYSE:KN)

Cwm LLC boosted its position in shares of Knowles Co. (NYSE:KN) by 20.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,643 shares of the communications equipment provider’s stock after acquiring an additional 607 shares during the quarter. Cwm LLC’s holdings in Knowles were worth $66,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC acquired a new position in shares of Knowles in the second quarter valued at about $30,000. Quarry LP acquired a new stake in Knowles during the second quarter worth about $39,000. GAMMA Investing LLC grew its stake in Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after buying an additional 668 shares in the last quarter. Innealta Capital LLC acquired a new stake in Knowles during the second quarter worth about $46,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Knowles during the second quarter worth about $60,000. 96.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Susquehanna reduced their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday.

Knowles Stock Performance

NYSE:KN opened at $17.66 on Monday. The company has a market capitalization of $1.56 billion, a PE ratio of -8.14 and a beta of 1.42. The company has a 50 day simple moving average of $17.59 and a two-hundred day simple moving average of $17.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. Knowles Co. has a fifty-two week low of $12.78 and a fifty-two week high of $19.73.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. The company had revenue of $142.50 million during the quarter, compared to the consensus estimate of $140.97 million. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company’s quarterly revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.25 EPS.

Insider Activity at Knowles

In related news, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the completion of the sale, the director now owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Knowles news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Barnes sold 6,725 shares of Knowles stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now owns 86,192 shares in the company, valued at $1,541,112.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,748 shares of company stock valued at $530,948. 2.65% of the stock is owned by company insiders.

Knowles Company Profile

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).