PNC Financial Services Group Inc. Has $387,000 Holdings in Knowles Co. (NYSE:KN)

PNC Financial Services Group Inc. trimmed its holdings in shares of Knowles Co. (NYSE:KNFree Report) by 16.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,612 shares of the communications equipment provider’s stock after selling 4,237 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Knowles were worth $387,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC bought a new position in shares of Knowles in the 3rd quarter valued at approximately $283,000. Deutsche Bank AG lifted its stake in shares of Knowles by 14.1% in the third quarter. Deutsche Bank AG now owns 47,710 shares of the communications equipment provider’s stock worth $707,000 after buying an additional 5,895 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Knowles in the third quarter worth $244,000. Qube Research & Technologies Ltd acquired a new position in Knowles in the 3rd quarter valued at $2,386,000. Finally, Teza Capital Management LLC raised its holdings in Knowles by 58.8% in the 3rd quarter. Teza Capital Management LLC now owns 17,660 shares of the communications equipment provider’s stock worth $262,000 after acquiring an additional 6,537 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Knowles Stock Up 2.8 %

KN stock opened at $17.26 on Friday. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 19.61 and a beta of 1.45. The company has a 50-day moving average of $17.10 and a two-hundred day moving average of $16.73. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $18.48. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.75 and a quick ratio of 1.55.

Knowles (NYSE:KNGet Free Report) last released its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.06). Knowles had a net margin of 10.54% and a return on equity of 5.98%. The business had revenue of $196.40 million during the quarter.

Insider Buying and Selling

In other Knowles news, Director Keith Barnes sold 5,186 shares of the firm’s stock in a transaction on Friday, May 31st. The shares were sold at an average price of $17.45, for a total value of $90,495.70. Following the sale, the director now directly owns 92,917 shares in the company, valued at approximately $1,621,401.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.65% of the stock is currently owned by insiders.

About Knowles

(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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