Knowles Co. (NYSE:KN) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of Knowles Co. (NYSE:KN) by 54,279.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,621,626 shares of the communications equipment provider’s stock after purchasing an additional 2,616,805 shares during the quarter. Pacer Advisors Inc. owned approximately 2.98% of Knowles worth $47,268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of Knowles by 20.0% in 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. Hsbc Holdings PLC boosted its stake in Knowles by 4.8% in the second quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock valued at $248,000 after acquiring an additional 661 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Knowles by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after acquiring an additional 668 shares during the period. Asset Management One Co. Ltd. lifted its position in 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 worth $167,000 after acquiring an additional 845 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in shares of Knowles by 6.1% in the first quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock valued at $288,000 after acquiring an additional 1,028 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Stock Up 2.4 %

Shares of NYSE KN opened at $18.58 on Friday. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. Knowles Co. has a 12-month low of $14.97 and a 12-month high of $19.73. The stock has a fifty day moving average price of $17.78 and a 200 day moving average price of $17.66. The company has a market cap of $1.64 billion, a P/E ratio of -7.94 and a beta of 1.42.

Knowles (NYSE:KN) last released its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.20 by $0.06. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. During the same period in the prior year, the business posted $0.25 EPS. The business’s revenue was up 31.8% on a year-over-year basis.

Insider Transactions at Knowles

In related news, VP Air A. Jr. Bastarrica sold 3,762 shares of Knowles stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.46, for a total transaction of $73,208.52. Following the transaction, the vice president now directly owns 61,681 shares of the company’s stock, valued at $1,200,312.26. The trade was a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey Niew sold 157,699 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total value of $2,993,127.02. Following the completion of the transaction, the chief executive officer now directly owns 820,698 shares in the company, valued at $15,576,848.04. This represents a 16.12 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,845 shares of company stock worth $3,774,234. 2.65% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on KN. Susquehanna cut their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Finally, StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th.

Knowles Company Profile

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).