SG Americas Securities LLC Buys 10,038 Shares of Knowles Co. (NYSE:KN)

SG Americas Securities LLC boosted its stake in shares of Knowles Co. (NYSE:KN) by 173.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,838 shares of the communications equipment provider’s stock after purchasing an additional 10,038 shares during the period. SG Americas Securities LLC’s holdings in Knowles were worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KN. Blue Trust Inc. lifted its stake in shares of Knowles by 114.6% in the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after purchasing an additional 1,069 shares during the period. GAMMA Investing LLC increased its holdings in Knowles by 37.6% during the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after buying an additional 668 shares during the last quarter. Meeder Asset Management Inc. bought a new position in Knowles in the third quarter worth approximately $52,000. CWM LLC boosted its stake in shares of Knowles by 20.0% during the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 607 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of Knowles by 10.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock valued at $167,000 after acquiring an additional 845 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Susquehanna decreased their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, Craig Hallum upgraded Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th.

Knowles Stock Up 1.5 %

KN opened at $18.55 on Wednesday. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of -7.93 and a beta of 1.42. 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 firm’s fifty day moving average is $19.75 and its 200 day moving average is $18.48. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $20.85.

Insider Activity

In related news, VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction on 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 transaction, the vice president now directly owns 61,681 shares of the company’s stock, valued at approximately $1,200,312.26. This trade represents a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.57% of the company’s stock.

About Knowles

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).