160,901 Shares in Knowles Co. (NYSE:KN) Bought by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new stake in shares of Knowles Co. (NYSE:KN - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 160,901 shares of the communications equipment provider's stock, valued at approximately $2,777,000. Hantz Financial Services Inc. owned approximately 0.18% of Knowles at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. CWM LLC boosted its position in shares of Knowles by 38.0% in the 2nd 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 boosted its position in shares of Knowles by 4.5% in the 1st 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 raised its stake in Knowles by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 17,914 shares of the communications equipment provider's stock worth $288,000 after acquiring an additional 1,028 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Knowles by 2.5% in the 2nd quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the communications equipment provider's stock worth $780,000 after acquiring an additional 1,100 shares during the last quarter. Finally, QRG Capital Management Inc. raised its stake in Knowles by 4.8% in the 4th quarter. QRG Capital Management Inc. now owns 26,470 shares of the communications equipment provider's stock worth $474,000 after acquiring an additional 1,206 shares during the last quarter. Institutional investors own 96.35% of the company's stock.

Knowles Stock Performance

Shares of NYSE KN traded down $0.02 during trading on Friday, reaching $18.45. 604,549 shares of the company traded hands, compared to its average volume of 536,515. The firm's fifty day simple moving average is $17.79 and its 200 day simple moving average is $16.97. The stock has a market cap of $1.66 billion, a P/E ratio of 20.97 and a beta of 1.42. Knowles Co. has a 12-month low of $12.78 and a 12-month high of $19.73. The company has a current ratio of 2.36, a quick ratio of 1.55 and a debt-to-equity ratio of 0.28.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.16). The company had revenue of $204.70 million for the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insider Buying and Selling at Knowles

In other Knowles news, CFO John S. Anderson sold 10,444 shares of Knowles stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $18.50, for a total transaction of $193,214.00. Following the completion of the transaction, the chief financial officer now owns 211,200 shares in the company, valued at approximately $3,907,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.65% of the company's stock.

Analyst Upgrades and Downgrades

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

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).