Cheryl L. Shavers Sells 12,205 Shares of Knowles Co. (NYSE:KN) Stock

Knowles Co. (NYSE:KN – Get Rating) Director Cheryl L. Shavers sold 12,205 shares of the firm’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $16.61, for a total transaction of $202,725.05. Following the completion of the transaction, the director now owns 50,772 shares in the company, valued at approximately $843,322.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Knowles Stock Performance

NYSE:KN opened at $16.22 on Friday. The stock has a market cap of $1.48 billion, a P/E ratio of -3.28 and a beta of 1.46. The firm’s fifty day simple moving average is $16.34 and its 200 day simple moving average is $16.58. Knowles Co. has a twelve month low of $11.57 and a twelve month high of $20.25. The company has a quick ratio of 1.39, a current ratio of 3.06 and a debt-to-equity ratio of 0.05.

Knowles (NYSE:KN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The communications equipment provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $144.30 million for the quarter. Knowles had a negative net margin of 64.08% and a positive return on equity of 5.55%.

Institutional Trading of Knowles

Several large investors have recently added to or reduced their stakes in the stock. Brown Advisory Inc. boosted its holdings in shares of Knowles by 0.9% during the 4th quarter. Brown Advisory Inc. now owns 62,512 shares of the communications equipment provider’s stock valued at $1,026,000 after buying an additional 567 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Knowles by 0.9% during the 3rd quarter. Victory Capital Management Inc. now owns 85,776 shares of the communications equipment provider’s stock valued at $1,044,000 after buying an additional 729 shares in the last quarter. Belpointe Asset Management LLC boosted its holdings in shares of Knowles by 53.0% during the 1st quarter. Belpointe Asset Management LLC now owns 2,135 shares of the communications equipment provider’s stock valued at $36,000 after buying an additional 740 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Knowles by 2.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 35,785 shares of the communications equipment provider’s stock valued at $588,000 after buying an additional 852 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Knowles by 27.2% during the 4th quarter. Signaturefd LLC now owns 4,195 shares of the communications equipment provider’s stock valued at $69,000 after buying an additional 897 shares in the last quarter. Institutional investors own 99.15% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Knowles in a report on Thursday. They issued a “hold” rating on the stock.

About Knowles

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Knowles Corp. supplies advanced micro-acoustic, audio processing and precision device solutions. It operates through the following segments: Audio and Precision Devices. The Audio segment includes analog and digital micro-electro-mechanical systems microphones, electret condenser microphones, smart microphones, ultrasonic sensors, acoustic processors and balanced armature speakers.