Amalgamated Bank Has $472,000 Stock Holdings in Knowles Co. (NYSE:KN)

Amalgamated Bank trimmed its position in shares of Knowles Co. (NYSE:KN) by 4.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,202 shares of the communications equipment provider’s stock after selling 1,133 shares during the quarter. Amalgamated Bank’s holdings in Knowles were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Knowles by 1.0% during the first quarter. Vanguard Group Inc. now owns 11,993,942 shares of the communications equipment provider’s stock worth $193,102,000 after buying an additional 114,934 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Knowles by 6.0% during the second 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 grew its stake 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 worth $83,513,000 after buying an additional 183,991 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Knowles by 4.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 829,281 shares of the communications equipment provider’s stock worth $14,952,000 after buying an additional 37,244 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake 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 worth $11,494,000 after buying an additional 566,476 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Knowles Price Performance

KN opened at $18.13 on Friday. Knowles Co. has a one year low of $14.97 and a one year high of $19.73. 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 company’s 50 day simple moving average is $17.70 and its 200-day simple moving average is $17.61. The stock has a market capitalization of $1.60 billion, a P/E ratio of -7.75 and a beta of 1.42.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, October 24th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.06. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%. The firm had revenue of $142.50 million for the quarter, compared to analysts’ expectations of $140.97 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was up 31.8% on a year-over-year basis.

Wall Street Analysts Forecast Growth

KN has been the topic of several research analyst reports. 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 raised shares of Knowles to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th.

Insider Buying and Selling at Knowles

In other Knowles news, CEO Jeffrey Niew sold 157,699 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.98, for a total value of $2,993,127.02. Following the transaction, the chief executive officer now directly owns 820,698 shares of the company’s stock, valued at approximately $15,576,848.04. This trade represents a 16.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Air A. Jr. Bastarrica sold 3,762 shares of the firm’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 61,681 shares in the company, valued at approximately $1,200,312.26. The trade was a 5.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,289 shares of company stock valued at $3,967,448. 2.65% of the stock is currently owned by insiders.

About Knowles

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).