Nisa Investment Advisors LLC Has $344,000 Holdings in Knowles Co. (NYSE:KN)

Nisa Investment Advisors LLC cut its holdings in shares of Knowles Co. (NYSE:KN) by 10.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,232 shares of the communications equipment provider’s stock after selling 2,246 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Knowles were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Brown Advisory Inc. raised its stake in shares of Knowles by 0.9% during the 4th quarter. Brown Advisory Inc. now owns 62,512 shares of the communications equipment provider’s stock worth $1,026,000 after purchasing an additional 567 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Knowles by 1.1% during the 3rd quarter. AQR Capital Management LLC now owns 57,150 shares of the communications equipment provider’s stock worth $846,000 after purchasing an additional 628 shares in the last quarter. Belpointe Asset Management LLC raised its stake in shares of Knowles by 53.0% during the 1st quarter. Belpointe Asset Management LLC now owns 2,135 shares of the communications equipment provider’s stock worth $36,000 after purchasing an additional 740 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Knowles by 2.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 35,785 shares of the communications equipment provider’s stock worth $588,000 after purchasing an additional 852 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Knowles by 1.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 70,952 shares of the communications equipment provider’s stock worth $1,165,000 after purchasing an additional 1,157 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Stock Down 1.5 %

Shares of KN stock opened at $15.27 on Friday. The stock’s 50 day simple moving average is $16.00 and its 200 day simple moving average is $15.99. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.41 and a current ratio of 2.61. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $18.48. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 19.33 and a beta of 1.49.

Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Knowles had a return on equity of 5.28% and a net margin of 10.23%. The business had revenue of $215.20 million for the quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on KN. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. TheStreet raised Knowles from a “d+” rating to a “c-” rating in a research note on Tuesday, January 2nd.

Insiders Place Their Bets

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of Knowles stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $16.90, for a total value of $174,070.00. Following the transaction, the senior vice president now directly owns 94,870 shares of the company’s stock, valued at approximately $1,603,303. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.65% of the company’s stock.

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).