Mutual of America Capital Management LLC Sells 1,451 Shares of Knowles Co. (NYSE:KN)

Mutual of America Capital Management LLC lessened its stake in shares of Knowles Co. (NYSE:KN) by 9.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 13,300 shares of the communications equipment provider’s stock after selling 1,451 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Knowles were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KN. Quest Partners LLC bought a new stake in shares of Knowles during the 2nd quarter valued at approximately $30,000. Blue Trust Inc. increased its position in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 1,069 shares during the last quarter. Quarry LP bought a new position in shares of Knowles during the 2nd quarter worth $39,000. GAMMA Investing LLC lifted its stake in Knowles by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 668 shares in the last quarter. Finally, Innealta Capital LLC purchased a new position in Knowles in the 2nd quarter worth approximately $46,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KN has been the topic of a number of research analyst reports. Craig Hallum upgraded Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Susquehanna reduced their price target on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th.

Knowles Stock Down 0.2 %

Shares of NYSE:KN opened at $19.24 on Friday. The company has a market cap of $1.69 billion, a price-to-earnings ratio of -8.22 and a beta of 1.42. The company has a 50-day moving average price of $18.00 and a 200 day moving average price of $17.74. Knowles Co. has a 12 month low of $14.97 and a 12 month high of $19.74. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23.

Knowles (NYSE:KN) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.06. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. The business had revenue of $142.50 million during the quarter, compared to analyst estimates of $140.97 million. During the same quarter in the previous year, the business earned $0.25 earnings per share. The company’s revenue for the quarter was up 31.8% compared to the same quarter last year.

Insider Activity

In other Knowles news, VP Air A. Jr. Bastarrica sold 3,762 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.46, for a total transaction of $73,208.52. Following the sale, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. The trade was a 5.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Perna sold 21,080 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $17.56, for a total transaction of $370,164.80. Following the transaction, the senior vice president now directly owns 66,063 shares of the company’s stock, valued at $1,160,066.28. This represents a 24.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 201,845 shares of company stock valued at $3,774,234. Corporate insiders own 2.57% of the company’s stock.

Knowles 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).