Nisa Investment Advisors LLC Has $344,000 Stake in Knowles Co. (NYSE:KN)

Nisa Investment Advisors LLC decreased its stake in Knowles Co. (NYSE:KN) by 10.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,232 shares of the communications equipment provider’s stock after selling 2,246 shares during the period. Nisa Investment Advisors LLC’s holdings in Knowles were worth $344,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in KN. Assenagon Asset Management S.A. bought a new stake in shares of Knowles in the fourth quarter worth about $4,083,000. Nordea Investment Management AB increased its holdings in shares of Knowles by 81.9% in the fourth quarter. Nordea Investment Management AB now owns 339,021 shares of the communications equipment provider’s stock worth $6,096,000 after acquiring an additional 152,626 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Knowles by 3.6% in the third quarter. Vanguard Group Inc. now owns 11,991,982 shares of the communications equipment provider’s stock worth $177,601,000 after acquiring an additional 419,939 shares in the last quarter. Wesbanco Bank Inc. increased its holdings in shares of Knowles by 89.7% in the third quarter. Wesbanco Bank Inc. now owns 58,161 shares of the communications equipment provider’s stock worth $861,000 after acquiring an additional 27,500 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Knowles by 30.0% in the third quarter. American Century Companies Inc. now owns 70,620 shares of the communications equipment provider’s stock worth $1,046,000 after acquiring an additional 16,291 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $16.90, for a total value of $174,070.00. Following the completion of the transaction, the senior vice president now directly owns 94,870 shares in the company, valued at $1,603,303. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.65% of the company’s stock.

Wall Street Analyst Weigh In

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

Knowles Stock Down 1.5 %

NYSE:KN opened at $15.27 on Friday. 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 company has a market cap of $1.37 billion, a PE ratio of 19.33 and a beta of 1.49. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $18.48. The stock has a 50-day simple moving average of $16.00 and a 200 day simple moving average of $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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $215.20 million during the quarter. Knowles had a return on equity of 5.28% and a net margin of 10.23%.

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).