Knowles Co. (NYSE:KN) Shares Bought by Man Group plc

Man Group plc grew its position in Knowles Co. (NYSE:KN - Free Report) by 146.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,107 shares of the communications equipment provider's stock after acquiring an additional 93,309 shares during the quarter. Man Group plc owned about 0.18% of Knowles worth $3,131,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of KN. EverSource Wealth Advisors LLC increased its holdings in shares of Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 669 shares during the period. Sterling Capital Management LLC grew its position in Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock valued at $55,000 after buying an additional 2,448 shares during the last quarter. Blue Trust Inc. grew its position in Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after buying an additional 1,449 shares during the last quarter. KBC Group NV raised its holdings in Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock worth $97,000 after purchasing an additional 1,947 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of Knowles during the 4th quarter worth approximately $201,000. 96.35% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Knowles

In related news, SVP Raymond D. Cabrera sold 5,545 shares of Knowles stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the sale, the senior vice president now owns 111,286 shares in the company, valued at approximately $1,919,683.50. This trade represents a 4.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.54% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. 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. Wall Street Zen downgraded shares of Knowles from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Monday, April 7th.

Knowles Price Performance

KN traded down $0.09 during trading on Wednesday, reaching $16.51. 55,957 shares of the stock were exchanged, compared to its average volume of 778,286. Knowles Co. has a 1 year low of $12.19 and a 1 year high of $20.85. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -6.23 and a beta of 1.40. The business's 50 day moving average price is $15.53 and its two-hundred day moving average price is $17.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23.

Knowles (NYSE:KN - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. The firm had revenue of $132.20 million for the quarter, compared to analysts' expectations of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm's revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS.

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).