Pacer Advisors Inc. Sells 252,564 Shares of Knowles Co. (NYSE:KN)

Pacer Advisors Inc. decreased its position in Knowles Co. (NYSE:KN) by 9.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,369,062 shares of the communications equipment provider’s stock after selling 252,564 shares during the quarter. Pacer Advisors Inc. owned approximately 2.69% of Knowles worth $47,215,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Knowles during the second quarter worth $78,000. AQR Capital Management LLC increased its position in Knowles by 222.3% during the second quarter. AQR Capital Management LLC now owns 82,387 shares of the communications equipment provider’s stock worth $1,422,000 after acquiring an additional 56,825 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Knowles by 33.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,411 shares of the communications equipment provider’s stock worth $249,000 after acquiring an additional 3,600 shares during the period. Raymond James & Associates increased its position in Knowles by 3.7% during the third quarter. Raymond James & Associates now owns 196,056 shares of the communications equipment provider’s stock worth $3,535,000 after acquiring an additional 7,059 shares during the period. Finally, Franklin Resources Inc. increased its position in Knowles by 2.9% during the third quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock worth $169,135,000 after acquiring an additional 265,814 shares during the period. Institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on KN. Susquehanna decreased their price target on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Craig Hallum upgraded shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th.

Knowles Stock Down 3.4 %

KN opened at $19.28 on Tuesday. Knowles Co. has a fifty-two week low of $14.97 and a fifty-two week high of $20.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The firm’s fifty day moving average price is $19.70 and its two-hundred day moving average price is $18.48. The company has a market capitalization of $1.70 billion, a P/E ratio of -8.24 and a beta of 1.43.

Insider Activity

In other news, SVP Robert J. Perna sold 21,080 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $17.56, for a total value of $370,164.80. Following the sale, the senior vice president now owns 66,063 shares in the company, valued at approximately $1,160,066.28. The trade was a 24.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $19.46, for a total transaction of $73,208.52. Following the completion of the sale, the vice president now owns 61,681 shares in the company, valued at $1,200,312.26. This represents a 5.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 182,541 shares of company stock worth $3,436,500. Corporate 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).