Knowles Corp (KN) Shares Sold by Bernzott Capital Advisors

Knowles Corp (KN) Shares Sold by Bernzott Capital Advisors

A number of other large investors also recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in Knowles Corp by 53.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,962 shares of the communications equipment provider’s stock valued at $35,776,000 after buying an additional 749,385 shares during the period. Comerica Bank increased its position in Knowles Corp by 3.6% in the fourth quarter. Comerica Bank now owns 78,776 shares of the communications equipment provider’s stock valued at $1,377,000 after buying an additional 2,751 shares during the period. First Republic Investment Management Inc. increased its position in Knowles Corp by 2.0% in the fourth quarter. First Republic Investment Management Inc. now owns 51,830 shares of the communications equipment provider’s stock valued at $866,000 after buying an additional 1,001 shares during the period. State Street Corp increased its position in Knowles Corp by 1.9% in the fourth quarter. State Street Corp now owns 2,720,511 shares of the communications equipment provider’s stock valued at $45,463,000 after buying an additional 50,566 shares during the period. Finally, Tudor Investment Corp Et Al acquired a new position in Knowles Corp during the fourth quarter valued at approximately $238,000.

Bernzott Capital Advisors reduced its position in shares of Knowles Corp (NYSE:KN) by 8.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,234,322 shares of the communications equipment provider’s stock after selling 117,200 shares during the period. Knowles Corp accounts for approximately 4.0% of Bernzott Capital Advisors’ portfolio, making the stock its 7th largest position. Bernzott Capital Advisors’ holdings in Knowles Corp were worth $23,390,000 at the end of the most recent quarter.

Shares of Knowles Corp (NYSE:KN) traded up 0.53% on Tuesday, hitting $17.04. 1,405,483 shares of the stock traded hands. Knowles Corp has a 52-week low of $12.57 and a 52-week high of $19.90. The firm has a 50 day moving average price of $18.18 and a 200 day moving average price of $17.75. The firm’s market cap is $1.52 billion.

Knowles Corp (NYSE:KN) last posted its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.03. Knowles Corp had a positive return on equity of 6.44% and a negative net margin of 4.92%. The firm had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $190 million. During the same quarter in the previous year, the firm posted $0.08 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that Knowles Corp will post $1.00 EPS for the current year.

Separately, Zacks Investment Research downgraded shares of Knowles Corp from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.17.

In other news, CEO Jeffrey Niew sold 3,217 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $18.34, for a total transaction of $58,999.78. Following the transaction, the chief executive officer now directly owns 362,946 shares in the company, valued at approximately $6,656,429.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas G. Jackson sold 5,756 shares of the business’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $18.34, for a total transaction of $105,565.04. Following the transaction, the vice president now owns 36,768 shares in the company, valued at $674,325.12. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.

Knowles Corp Company Profile

Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “KN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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