Hantz Financial Services Inc. Sells 736 Shares of Knowles Co. (NYSE:KN)

Hantz Financial Services Inc. trimmed its holdings in Knowles Co. (NYSE:KN) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,296 shares of the communications equipment provider’s stock after selling 736 shares during the period. Hantz Financial Services Inc.’s holdings in Knowles were worth $3,274,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. boosted its position in shares of Knowles by 114.6% during the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after acquiring an additional 1,069 shares during the last quarter. Quarry LP bought a new position in Knowles during the 2nd quarter worth approximately $39,000. GAMMA Investing LLC grew its holdings in shares of Knowles by 37.6% in the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after purchasing an additional 668 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Knowles in the third quarter valued at about $52,000. Finally, CWM LLC raised its position in Knowles by 20.0% during the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 607 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Knowles Stock Performance

KN stock opened at $18.98 on Friday. The stock’s fifty day moving average price is $19.77 and its 200-day moving average price is $18.49. The company has a market cap of $1.67 billion, a P/E ratio of -8.11 and a beta of 1.43. Knowles Co. has a 1 year low of $14.97 and a 1 year 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.

Wall Street Analyst Weigh In

KN has been the subject of several research analyst reports. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a research report on Wednesday, October 16th. StockNews.com downgraded Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th. Finally, Susquehanna decreased their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Insider Transactions at Knowles

In other news, VP Air A. Jr. Bastarrica sold 3,762 shares of the business’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.46, for a total value of $73,208.52. Following the transaction, the vice president now directly owns 61,681 shares in the company, valued at $1,200,312.26. The trade was a 5.75 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey Niew sold 157,699 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $18.98, for a total value of $2,993,127.02. Following the completion of the transaction, the chief executive officer now owns 820,698 shares of the company’s stock, valued at $15,576,848.04. The trade was a 16.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 182,541 shares of company stock worth $3,436,500 in the last quarter. Company 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).