Susquehanna Fundamental Investments LLC Takes $1.99 Million Position in Knowles Co. (NYSE:KN)

Susquehanna Fundamental Investments LLC bought a new stake in shares of Knowles Co. (NYSE:KN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 115,157 shares of the communications equipment provider’s stock, valued at approximately $1,988,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Knowles at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Hsbc Holdings PLC grew its stake in Knowles by 4.8% in the second quarter. Hsbc Holdings PLC now owns 14,489 shares of the communications equipment provider’s stock worth $248,000 after purchasing an additional 661 shares in the last quarter. CWM LLC grew its stake in Knowles by 38.0% in the second quarter. CWM LLC now owns 3,036 shares of the communications equipment provider’s stock worth $52,000 after purchasing an additional 836 shares in the last quarter. Inspire Investing LLC grew its stake in Knowles by 4.5% in the first quarter. Inspire Investing LLC now owns 22,359 shares of the communications equipment provider’s stock worth $360,000 after purchasing an additional 973 shares in the last quarter. ProShare Advisors LLC grew its stake in Knowles by 6.1% in the first quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider’s stock worth $288,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in Knowles by 2.5% in the second quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider’s stock worth $780,000 after purchasing an additional 1,100 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Susquehanna lifted their price target on Knowles from $15.00 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th.

Knowles Stock Down 0.1 %

NYSE:KN opened at $18.03 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 2.36. The stock has a 50-day simple moving average of $17.64 and a 200 day simple moving average of $17.11. Knowles Co. has a one year low of $12.78 and a one year high of $19.73. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.49 and a beta of 1.42.

Knowles (NYSE:KN) last issued its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%. The company had revenue of $204.70 million during the quarter.

Insider Buying and Selling at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total value of $217,490.91. Following the completion of the transaction, the director now directly owns 48,933 shares in the company, valued at $846,051.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $17.29, for a total transaction of $217,490.91. Following the sale, the director now owns 48,933 shares of the company’s stock, valued at $846,051.57. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John S. Anderson sold 10,444 shares of Knowles 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 sale, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. The disclosure for this sale can be found here. Insiders sold a total of 29,748 shares of company stock worth $530,948 over the last ninety days. Company insiders own 2.65% of the company’s stock.

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).