Knowles Corporation (NYSE:KN) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Knowles Corporation (NYSE:KN) by 1.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,942 shares of the communications equipment provider’s stock after selling 1,337 shares during the quarter. Teacher Retirement System of Texas owned about 0.11% of Knowles worth $1,443,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its holdings in Knowles by 4.3% in the 4th quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider’s stock worth $287,000 after buying an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after buying an additional 669 shares in the last quarter. Versant Capital Management Inc lifted its holdings in Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,444 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Knowles by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,477 shares of the communications equipment provider’s stock worth $986,000 after buying an additional 1,844 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 2,448 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Price Performance

Shares of NYSE:KN opened at $18.36 on Friday. The company has a quick ratio of 1.30, a current ratio of 2.02 and a debt-to-equity ratio of 0.16. Knowles Corporation has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The firm has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $17.17. The company has a market cap of $1.60 billion, a PE ratio of -6.80 and a beta of 1.41.

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on KN shares. Robert W. Baird boosted their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th. Craig Hallum raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, April 7th. Finally, Wall Street Zen downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research report on Sunday.

Insider Transactions at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the transaction, the senior vice president directly owned 111,286 shares of the company’s stock, valued at $1,919,683.50. The trade was a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.54% of the stock is owned by insiders.

Knowles 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).