Louisiana State Employees Retirement System Takes $533,000 Position in Knowles Co. (NYSE:KN)

Louisiana State Employees Retirement System purchased a new position in shares of Knowles Co. (NYSE:KNGet Rating) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 43,800 shares of the communications equipment provider’s stock, valued at approximately $533,000.

Other institutional investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its stake in shares of Knowles by 16.5% in the 1st quarter. Citigroup Inc. now owns 82,435 shares of the communications equipment provider’s stock worth $1,775,000 after buying an additional 11,686 shares during the last quarter. Natixis Advisors L.P. grew its stake in Knowles by 13.6% in the 1st quarter. Natixis Advisors L.P. now owns 27,587 shares of the communications equipment provider’s stock valued at $594,000 after purchasing an additional 3,297 shares during the period. MetLife Investment Management LLC increased its position in shares of Knowles by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 48,592 shares of the communications equipment provider’s stock valued at $1,046,000 after purchasing an additional 17,641 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Knowles by 1.9% during the 1st quarter. Rhumbline Advisers now owns 258,981 shares of the communications equipment provider’s stock worth $5,576,000 after purchasing an additional 4,819 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Knowles by 13.4% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 79,152 shares of the communications equipment provider’s stock worth $1,704,000 after buying an additional 9,357 shares during the last quarter. 99.15% of the stock is owned by institutional investors.

Insider Transactions at Knowles

In other news, Director Daniel J. Crowley purchased 2,000 shares of the business’s stock in a transaction on Wednesday, November 2nd. The stock was purchased at an average cost of $13.97 per share, with a total value of $27,940.00. Following the acquisition, the director now directly owns 19,815 shares in the company, valued at $276,815.55. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TheStreet lowered shares of Knowles from a “c-” rating to a “d+” rating in a research report on Monday, September 19th. Craig Hallum dropped their price objective on Knowles to $18.00 in a research note on Tuesday, November 1st. Finally, StockNews.com began coverage on Knowles in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $20.10.

Knowles Stock Up 0.3 %

KN opened at $17.79 on Tuesday. The company has a 50 day moving average of $15.69 and a 200 day moving average of $15.44. The company has a current ratio of 2.87, a quick ratio of 1.39 and a debt-to-equity ratio of 0.07. Knowles Co. has a 12 month low of $11.57 and a 12 month high of $23.41. The company has a market cap of $1.62 billion, a PE ratio of -12.35 and a beta of 1.43.

Knowles (NYSE:KNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The communications equipment provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.07. The company had revenue of $178.20 million during the quarter, compared to analysts’ expectations of $177.50 million. Knowles had a positive return on equity of 7.98% and a negative net margin of 16.15%. On average, sell-side analysts expect that Knowles Co. will post 0.98 EPS for the current year.

About Knowles

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Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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