Olympiad Research LP Invests $494,000 in Knowles Co. (NYSE:KN)

Olympiad Research LP acquired a new position in Knowles Co. (NYSE:KN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 27,423 shares of the communications equipment provider’s stock, valued at approximately $494,000.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC acquired a new position in shares of Knowles in the 1st quarter worth approximately $1,228,000. Sei Investments Co. lifted its holdings in shares of Knowles by 9.2% in the 1st quarter. Sei Investments Co. now owns 529,859 shares of the communications equipment provider’s stock worth $8,531,000 after acquiring an additional 44,566 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Knowles in the 2nd quarter worth approximately $46,000. State Board of Administration of Florida Retirement System lifted its holdings in shares of Knowles by 13.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 35,216 shares of the communications equipment provider’s stock worth $599,000 after acquiring an additional 4,242 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Knowles by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after acquiring an additional 114,934 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Knowles

In other Knowles news, Director Keith Barnes sold 6,725 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO John S. Anderson sold 10,444 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Barnes sold 6,725 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the sale, the director now owns 86,192 shares of the company’s stock, valued at approximately $1,541,112.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,828 shares of company stock worth $901,113 over the last 90 days. Company insiders own 2.57% of the company’s stock.

Knowles Trading Up 8.6 %

Shares of Knowles stock opened at $19.35 on Thursday. Knowles Co. has a 1 year low of $14.97 and a 1 year high of $19.73. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.67 and a current ratio of 2.35. The company has a market capitalization of $1.70 billion, a P/E ratio of -8.27 and a beta of 1.42. The company’s fifty day moving average is $17.56 and its two-hundred day moving average is $17.49.

Knowles (NYSE:KN) last released its earnings results on Thursday, October 24th. The communications equipment provider reported $0.26 EPS for the quarter, topping the consensus estimate of $0.20 by $0.06. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The company had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $140.97 million. During the same quarter last year, the business earned $0.25 EPS. The business’s revenue was up 31.8% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KN shares. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. Susquehanna dropped their target price on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th.

Knowles Company 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).