XTX Topco Ltd Buys 13,722 Shares of Knowles Corporation (NYSE:KN)

XTX Topco Ltd raised its position in Knowles Corporation (NYSE:KN - Free Report) by 59.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,836 shares of the communications equipment provider's stock after buying an additional 13,722 shares during the period. XTX Topco Ltd's holdings in Knowles were worth $560,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Knowles by 4.5% in the 4th quarter. Wellington Management Group LLP now owns 2,499,431 shares of the communications equipment provider's stock valued at $49,814,000 after buying an additional 106,763 shares during the last quarter. Royce & Associates LP increased its holdings in Knowles by 31.5% in the first quarter. Royce & Associates LP now owns 1,611,679 shares of the communications equipment provider's stock valued at $24,498,000 after buying an additional 386,155 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Knowles in the fourth quarter valued at about $28,798,000. Allspring Global Investments Holdings LLC increased its holdings in Knowles by 38.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,150,158 shares of the communications equipment provider's stock valued at $17,425,000 after buying an additional 320,587 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its holdings in Knowles by 3.7% in the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 1,019,284 shares of the communications equipment provider's stock worth $20,314,000 after acquiring an additional 36,598 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KN has been the topic of a number of recent research reports. Craig Hallum raised their target price on shares of Knowles from $20.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, July 25th. Wall Street Zen raised Knowles from a "buy" rating to a "strong-buy" rating in a report on Tuesday, July 29th. Finally, Robert W. Baird lifted their price target on Knowles from $18.00 to $22.00 and gave the company an "outperform" rating in a report on Friday, April 25th.

Knowles Trading Up 1.5%

NYSE KN traded up $0.29 on Friday, hitting $19.93. 488,971 shares of the stock were exchanged, compared to its average volume of 791,201. Knowles Corporation has a 52-week low of $12.19 and a 52-week high of $21.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.00 and a quick ratio of 1.29. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 68.71 and a beta of 1.45. The company's 50-day moving average price is $18.19 and its two-hundred day moving average price is $17.06.

Insiders Place Their Bets

In other Knowles news, SVP Robert J. Perna sold 56,130 shares of Knowles stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $20.47, for a total transaction 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. The trade was a 45.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Air A. Jr. Bastarrica sold 10,000 shares of the business's stock in a transaction 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 directly owned 62,537 shares of the company's stock, valued at approximately $1,309,524.78. This represents a 13.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 71,675 shares of company stock worth $1,454,032. Corporate insiders own 2.54% of the company's stock.

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).