Short Interest in Knowles Co. (NYSE:KN) Expands By 40.1%

Knowles Co. (NYSE:KN - Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,270,000 shares, a growth of 40.1% from the September 15th total of 1,620,000 shares. Currently, 2.6% of the company's shares are short sold. Based on an average trading volume of 643,000 shares, the short-interest ratio is presently 3.5 days.

Analyst Ratings Changes

KN has been the topic of a number of recent research reports. Susquehanna upped their target price on shares of Knowles from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 17th. StockNews.com downgraded Knowles from a "buy" rating to a "hold" rating in a report on Thursday.

Insider Buying and Selling at Knowles

In other Knowles news, Director Cheryl L. Shavers sold 12,579 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $17.29, for a total transaction of $217,490.91. Following the transaction, the director now directly owns 48,933 shares in the company, valued at $846,051.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Keith Barnes sold 6,725 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the sale, the director now owns 86,192 shares of the company's stock, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Cheryl L. Shavers sold 12,579 shares of the business's stock in a transaction 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 completion of the sale, the director now directly owns 48,933 shares of the company's stock, valued at approximately $846,051.57. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 29,748 shares of company stock worth $530,948 over the last quarter. Insiders own 2.65% of the company's stock.

Hedge Funds Weigh In On Knowles

Several institutional investors and hedge funds have recently added to or reduced their stakes in KN. Quest Partners LLC acquired a new stake in Knowles in the 2nd quarter valued at $30,000. Quarry LP purchased a new position in Knowles during the second quarter worth about $39,000. GAMMA Investing LLC raised its position in shares of Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider's stock valued at $44,000 after buying an additional 668 shares in the last quarter. Innealta Capital LLC bought a new stake in Knowles in the 2nd quarter worth approximately $46,000. Finally, CWM LLC boosted its holdings in Knowles by 38.0% during the 2nd quarter. CWM LLC now owns 3,036 shares of the communications equipment provider's stock valued at $52,000 after acquiring an additional 836 shares during the period. Institutional investors own 96.35% of the company's stock.

Knowles Stock Performance

NYSE:KN traded up $0.42 during mid-day trading on Friday, hitting $17.66. 301,004 shares of the company's stock traded hands, compared to its average volume of 580,190. The firm has a 50 day moving average of $17.50 and a two-hundred day moving average of $17.25. Knowles has a 12 month low of $12.78 and a 12 month high of $19.73. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.07 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28.

Knowles (NYSE:KN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (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 business had revenue of $204.70 million during the quarter.

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).

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