Corebridge Financial Inc. Sells 907 Shares of Knowles Corporation $KN

Corebridge Financial Inc. trimmed its position in Knowles Corporation (NYSE:KN) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,447 shares of the communications equipment provider’s stock after selling 907 shares during the period. Corebridge Financial Inc. owned approximately 0.05% of Knowles worth $691,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its holdings in shares of Knowles by 4.7% in the first quarter. Smartleaf Asset Management LLC now owns 13,105 shares of the communications equipment provider’s stock valued at $201,000 after purchasing an additional 592 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Knowles by 4.6% in the first quarter. PNC Financial Services Group Inc. now owns 17,110 shares of the communications equipment provider’s stock valued at $260,000 after purchasing an additional 759 shares in the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Knowles by 47.0% in the first quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider’s stock valued at $56,000 after purchasing an additional 1,184 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Knowles by 9.6% in the first quarter. Hsbc Holdings PLC now owns 16,095 shares of the communications equipment provider’s stock valued at $244,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Knowles by 725.6% in the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,444 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Knowles news, VP Air A. Jr. Bastarrica sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 29th. The stock was sold at an average price of $20.94, for a total transaction of $209,400.00. Following the transaction, the vice president owned 62,537 shares of the company’s stock, valued at $1,309,524.78. The trade was a 13.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert J. Perna sold 56,130 shares of the business’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $20.47, for a total value of $1,148,981.10. Following the transaction, the senior vice president directly owned 66,552 shares in the company, valued at approximately $1,362,319.44. This trade represents a 45.75% decrease in their position. The disclosure for this sale can be found here. 2.54% of the stock is owned by insiders.

Knowles Price Performance

Shares of NYSE KN opened at $21.51 on Friday. The business’s 50 day moving average price is $19.69 and its two-hundred day moving average price is $17.37. The company has a market cap of $1.85 billion, a PE ratio of 74.16 and a beta of 1.50. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16. Knowles Corporation has a twelve month low of $12.19 and a twelve month high of $21.98.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Craig Hallum upped their target price on Knowles from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, July 25th. Wall Street Zen lowered Knowles from a “strong-buy” rating to a “buy” rating in a report on Friday, August 22nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.00.

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).