AQR Capital Management LLC Buys 56,825 Shares of Knowles Co. (NYSE:KN)

AQR Capital Management LLC raised its position in Knowles Co. (NYSE:KN - Free Report) by 222.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,387 shares of the communications equipment provider's stock after buying an additional 56,825 shares during the quarter. AQR Capital Management LLC owned about 0.09% of Knowles worth $1,422,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Knowles by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider's stock worth $193,102,000 after purchasing an additional 114,934 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,678,995 shares of the communications equipment provider's stock worth $115,277,000 after buying an additional 375,822 shares during the last quarter. Ariel Investments LLC lifted its position in Knowles by 3.7% during the first quarter. Ariel Investments LLC now owns 5,187,144 shares of the communications equipment provider's stock valued at $83,513,000 after purchasing an additional 183,991 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Knowles by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 792,037 shares of the communications equipment provider's stock valued at $13,671,000 after purchasing an additional 45,648 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Knowles by 569.5% during the second quarter. Victory Capital Management Inc. now owns 665,947 shares of the communications equipment provider's stock valued at $11,494,000 after purchasing an additional 566,476 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Susquehanna boosted their price objective on Knowles from $15.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 17th. StockNews.com lowered shares of Knowles from a "buy" rating to a "hold" rating in a report on Thursday.

Knowles Stock Up 2.4 %

KN stock traded up $0.42 during trading on Friday, reaching $17.66. 301,004 shares of the company were exchanged, compared to its average volume of 580,190. Knowles Co. has a 52-week low of $12.78 and a 52-week high of $19.73. The company has a quick ratio of 1.30, a current ratio of 2.36 and a debt-to-equity ratio of 0.28. The stock's 50 day moving average price is $17.49 and its 200 day moving average price is $17.22.

Knowles (NYSE:KN - Get Free Report) last posted 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 firm had revenue of $204.70 million during the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insiders Place Their Bets

In related news, Director Cheryl L. Shavers sold 12,579 shares of Knowles stock in a transaction dated 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 directly owns 48,933 shares of the company's stock, valued at $846,051.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO John S. Anderson sold 10,444 shares of the firm's stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.50, for a total value of $193,214.00. Following the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at $3,907,200. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cheryl L. Shavers sold 12,579 shares of the company's stock in a transaction on Monday, September 23rd. The shares were 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 owns 48,933 shares of the company's stock, valued at approximately $846,051.57. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,748 shares of company stock valued at $530,948 in the last three months. Insiders own 2.65% 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).