Keeley Teton Advisors LLC Increases Holdings in Knowles Corporation $KN

Key Points

• Keeley Teton Advisors LLC increased its holdings in Knowles Corporation by 27.2% during the first quarter, now owning 125,671 shares valued at approximately $1.91 million.
• Other hedge funds also boosted their positions in Knowles, with Bank of America Corp DE increasing its stake by 17.9% and Oppenheimer Asset Management Inc. by 46.2% during the same period.
• The company's stock has seen increased analyst interest, with a consensus rating of “Moderate Buy” and an average price target of $21.00 according to recent reports.

Keeley Teton Advisors LLC boosted its holdings in shares of Knowles Corporation (NYSE:KN - Free Report) by 27.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,671 shares of the communications equipment provider's stock after purchasing an additional 26,837 shares during the period. Keeley Teton Advisors LLC owned about 0.14% of Knowles worth $1,910,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Knowles by 17.9% during the 4th quarter. Bank of America Corp DE now owns 436,464 shares of the communications equipment provider's stock valued at $8,699,000 after purchasing an additional 66,202 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Knowles by 46.2% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 14,881 shares of the communications equipment provider's stock valued at $226,000 after acquiring an additional 4,699 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Knowles by 21.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 32,445 shares of the communications equipment provider's stock valued at $647,000 after acquiring an additional 5,825 shares in the last quarter. Mariner LLC boosted its position in Knowles by 20.2% during the 4th quarter. Mariner LLC now owns 17,704 shares of the communications equipment provider's stock valued at $353,000 after acquiring an additional 2,980 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Knowles by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 436,486 shares of the communications equipment provider's stock valued at $6,635,000 after acquiring an additional 9,418 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

Knowles Stock Performance

Shares of KN opened at $21.45 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.16. The business's 50 day moving average price is $19.07 and its 200-day moving average price is $17.20. Knowles Corporation has a 52 week low of $12.19 and a 52 week high of $21.69. The stock has a market cap of $1.84 billion, a P/E ratio of 73.95 and a beta of 1.45.

Insider Buying and Selling

In other 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 value of $209,400.00. Following the sale, the vice president directly owned 62,537 shares of the company's stock, valued at $1,309,524.78. The trade was a 13.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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 completion of the sale, the senior vice president directly owned 66,552 shares in the company, valued at approximately $1,362,319.44. This represents a 45.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.54% of the company's stock.

Wall Street Analyst Weigh In

KN has been the topic of several research reports. Wall Street Zen cut Knowles from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. Craig Hallum lifted their price objective on Knowles from $20.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, July 25th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $21.00.

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).

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