Knowles Co. (NYSE:KN) Position Reduced by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in shares of Knowles Co. (NYSE:KN) by 10.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 139,042 shares of the communications equipment provider’s stock after selling 15,811 shares during the quarter. New York State Teachers Retirement System’s holdings in Knowles were worth $2,490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KN. Federated Hermes Inc. acquired a new position in Knowles in the third quarter worth approximately $33,000. Belpointe Asset Management LLC grew its position in Knowles by 53.0% in the first quarter. Belpointe Asset Management LLC now owns 2,135 shares of the communications equipment provider’s stock worth $36,000 after buying an additional 740 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Knowles by 160.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,384 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,469 shares during the last quarter. Captrust Financial Advisors grew its position in Knowles by 65.5% in the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider’s stock worth $65,000 after buying an additional 1,188 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Knowles in the third quarter worth approximately $81,000. Institutional investors own 96.35% of the company’s stock.

Knowles Trading Down 1.5 %

NYSE KN opened at $15.58 on Tuesday. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $18.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.61. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 19.72 and a beta of 1.49. The firm’s 50 day moving average price is $16.05 and its two-hundred day moving average price is $15.99.

Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. Knowles had a net margin of 10.23% and a return on equity of 5.28%. The firm had revenue of $215.20 million for the quarter.

Insider Activity

In other news, SVP Raymond D. Cabrera sold 10,300 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total transaction of $174,070.00. Following the transaction, the senior vice president now directly owns 94,870 shares in the company, valued at approximately $1,603,303. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.57% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have weighed in on KN. TheStreet upgraded shares of Knowles from a “d+” rating to a “c-” rating in a research report on Tuesday, January 2nd. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, February 16th.

About Knowles

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).