Yousif Capital Management LLC Sells 871 Shares of Knowles Corporation (NYSE:KN)

Yousif Capital Management LLC lowered its position in shares of Knowles Corporation (NYSE:KN) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,519 shares of the communications equipment provider’s stock after selling 871 shares during the quarter. Yousif Capital Management LLC’s holdings in Knowles were worth $494,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Knowles in the 4th quarter worth about $28,798,000. Raymond James Financial Inc. bought a new position in Knowles in the 4th quarter worth approximately $16,297,000. Norges Bank bought a new position in Knowles in the 4th quarter worth approximately $7,983,000. Royce & Associates LP boosted its holdings in Knowles by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider’s stock worth $24,425,000 after buying an additional 355,401 shares during the period. Finally, Confluence Investment Management LLC bought a new position in Knowles in the 1st quarter valued at $2,583,000. Institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on KN shares. Wall Street Zen downgraded shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, May 24th. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, April 7th. Finally, Robert W. Baird boosted their price objective on shares of Knowles from $18.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, April 25th.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of Knowles stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $17.25, for a total value of $95,651.25. Following the sale, the senior vice president now owns 111,286 shares in the company, valued at $1,919,683.50. This trade represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.54% of the company’s stock.

Knowles Stock Up 0.8%

Shares of KN stock opened at $17.22 on Friday. The company has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $17.37. The company has a current ratio of 2.02, a quick ratio of 1.30 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.50 billion, a P/E ratio of -6.38 and a beta of 1.41. Knowles Corporation has a 12 month low of $12.19 and a 12 month high of $20.86.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $132.20 million for the quarter, compared to the consensus estimate of $128.95 million. Knowles had a negative net margin of 38.96% and a positive return on equity of 6.35%. The firm’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS.

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).