XTX Topco Ltd Boosts Stock Holdings in Knowles Corporation (NYSE:KN)

XTX Topco Ltd raised its holdings in shares of Knowles Corporation (NYSE:KN - Free Report) by 59.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,836 shares of the communications equipment provider's stock after purchasing an additional 13,722 shares during the quarter. XTX Topco Ltd's holdings in Knowles were worth $560,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of KN. Wellington Management Group LLP increased its position in Knowles by 4.5% during 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 purchasing an additional 106,763 shares during the period. Royce & Associates LP grew its position in Knowles by 31.5% during the 1st quarter. Royce & Associates LP now owns 1,611,679 shares of the communications equipment provider's stock worth $24,498,000 after purchasing an additional 386,155 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in Knowles during the 4th quarter worth approximately $28,798,000. Allspring Global Investments Holdings LLC grew its position in Knowles by 38.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,150,158 shares of the communications equipment provider's stock worth $17,425,000 after purchasing an additional 320,587 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in Knowles by 3.7% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,019,284 shares of the communications equipment provider's stock valued at $20,314,000 after acquiring an additional 36,598 shares during the period. Institutional investors own 96.35% of the company's stock.

Knowles Price Performance

Shares of NYSE KN opened at $19.52 on Thursday. The firm has a market capitalization of $1.68 billion, a PE ratio of 67.30 and a beta of 1.45. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.00 and a quick ratio of 1.29. Knowles Corporation has a 1-year low of $12.19 and a 1-year high of $21.37. The business's fifty day moving average price is $18.06 and its two-hundred day moving average price is $17.09.

Analyst Ratings Changes

Several brokerages recently commented on KN. Robert W. Baird boosted their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Craig Hallum upped their price objective on shares of Knowles from $20.00 to $22.00 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Wall Street Zen raised shares of Knowles from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, July 29th.

Insiders Place Their Bets

In other news, VP Air A. Jr. Bastarrica sold 10,000 shares of the company'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 completion of the transaction, the vice president directly owned 62,537 shares in the company, 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 can be accessed through the SEC website. Also, SVP Robert J. Perna sold 56,130 shares of the company's stock in a transaction on Monday, July 28th. The shares were 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 owned 66,552 shares in the company, valued at $1,362,319.44. This trade represents a 45.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 71,675 shares of company stock worth $1,454,032. 2.54% of the stock is currently owned by company insiders.

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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