Knowles Co. (NYSE:KN) Shares Acquired by Barclays PLC

Barclays PLC lifted its position in Knowles Co. (NYSE:KN) by 340.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,401 shares of the communications equipment provider’s stock after acquiring an additional 112,354 shares during the period. Barclays PLC owned 0.17% of Knowles worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors 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. Blue Trust Inc. boosted its position in Knowles by 114.6% in the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 1,069 shares during the last quarter. Quarry LP acquired a new position in Knowles in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC lifted its stake in Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 668 shares during the period. Finally, Innealta Capital LLC purchased a new stake in shares of Knowles in the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Insiders Place Their Bets

In other Knowles news, Director Keith Barnes sold 6,725 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. This represents a 7.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of Knowles stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $19.46, for a total transaction of $73,208.52. Following the completion of the sale, the vice president now owns 61,681 shares in the company, valued at approximately $1,200,312.26. This trade represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 189,266 shares of company stock worth $3,556,743. 2.65% of the stock is owned by corporate insiders.

Knowles Stock Performance

Shares of NYSE KN opened at $19.91 on Wednesday. The company has a market capitalization of $1.75 billion, a PE ratio of -8.51 and a beta of 1.44. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. The company’s fifty day moving average price is $18.72 and its 200 day moving average price is $18.01. Knowles Co. has a 1 year low of $14.97 and a 1 year high of $20.49.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on KN. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Susquehanna dropped their target price on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

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).