Swiss National Bank Raises Stake in Knowles Co. (NYSE:KN)

Swiss National Bank boosted its position in Knowles Co. (NYSE:KN – Get Rating) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,300 shares of the communications equipment provider’s stock after buying an additional 3,700 shares during the period. Swiss National Bank owned approximately 0.24% of Knowles worth $3,634,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of KN. CWM LLC boosted its position in Knowles by 201.2% in the 3rd quarter. CWM LLC now owns 2,449 shares of the communications equipment provider’s stock worth $30,000 after purchasing an additional 1,636 shares in the last quarter. Federated Hermes Inc. purchased a new stake in Knowles in the 3rd quarter worth approximately $33,000. Quadrant Capital Group LLC boosted its position in Knowles by 147.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 5,154 shares of the communications equipment provider’s stock worth $63,000 after purchasing an additional 3,073 shares in the last quarter. Captrust Financial Advisors boosted its position in Knowles by 65.5% in the 1st quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 1,188 shares in the last quarter. Finally, Ellevest Inc. boosted its position in Knowles by 130.1% in the 4th quarter. Ellevest Inc. now owns 4,161 shares of the communications equipment provider’s stock worth $68,000 after purchasing an additional 2,353 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Knowles Trading Down 0.7 %

Shares of KN stock opened at $16.22 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.06 and a quick ratio of 1.39. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -3.28 and a beta of 1.46. The stock has a 50 day simple moving average of $16.34 and a 200-day simple moving average of $16.59. Knowles Co. has a 1-year low of $11.57 and a 1-year high of $20.25.

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

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Knowles in a research note on Thursday. They set a “hold” rating for the company.

Insider Activity at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 12,205 shares of the company’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $16.61, for a total value of $202,725.05. Following the completion of the sale, the director now directly owns 50,772 shares in the company, valued at approximately $843,322.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.65% of the stock is owned by corporate insiders.

Knowles Company Profile

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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.