Nordea Investment Management AB Increases Stock Holdings in Knowles Co. (NYSE:KN)

Nordea Investment Management AB raised its stake in shares of Knowles Co. (NYSE:KNFree Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 410,843 shares of the communications equipment provider’s stock after purchasing an additional 18,439 shares during the quarter. Nordea Investment Management AB owned approximately 0.47% of Knowles worth $8,258,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KN. Pacer Advisors Inc. raised its stake in Knowles by 54,279.3% in the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock worth $47,268,000 after buying an additional 2,616,805 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Knowles during the 2nd quarter worth approximately $78,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Knowles by 33.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,411 shares of the communications equipment provider’s stock valued at $249,000 after purchasing an additional 3,600 shares during the period. AQR Capital Management LLC boosted its position in shares of Knowles by 222.3% during the second quarter. AQR Capital Management LLC now owns 82,387 shares of the communications equipment provider’s stock valued at $1,422,000 after purchasing an additional 56,825 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Knowles by 3.7% in the third quarter. Raymond James & Associates now owns 196,056 shares of the communications equipment provider’s stock worth $3,535,000 after purchasing an additional 7,059 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Knowles Price Performance

KN opened at $19.95 on Friday. The firm has a market cap of $1.76 billion, a PE ratio of -8.53 and a beta of 1.43. The stock has a 50-day moving average price of $19.35 and a 200-day moving average price of $18.24. Knowles Co. has a 1 year low of $14.97 and a 1 year high of $20.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67.

Knowles (NYSE:KNGet Free Report) last issued its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $142.50 million for 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 business’s revenue was up 31.8% on a year-over-year basis.

Analyst Ratings Changes

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

Check Out Our Latest Analysis on KN

Insider Activity

In other Knowles news, CEO Jeffrey Niew sold 157,699 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total value of $2,993,127.02. Following the transaction, the chief executive officer now owns 820,698 shares of the company’s stock, valued at approximately $15,576,848.04. This represents a 16.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert J. Perna sold 21,080 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $17.56, for a total transaction of $370,164.80. Following the sale, the senior vice president now directly owns 66,063 shares of the company’s stock, valued at $1,160,066.28. The trade was a 24.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 182,541 shares of company stock valued at $3,436,500 over the last ninety days. 2.57% of the stock is currently owned by corporate insiders.

Knowles Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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