Janus Henderson Group PLC Takes $181.84 Million Position in Knowles Corporation (KN)

Janus Henderson Group PLC purchased a new position in Knowles Corporation (NYSE:KN) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,747,191 shares of the communications equipment provider’s stock, valued at approximately $181,842,000. Janus Henderson Group PLC owned 12.02% of Knowles Corporation at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. LS Investment Advisors LLC lifted its stake in shares of Knowles Corporation by 17.9% in the second quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 1,056 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in shares of Knowles Corporation by 88.1% in the second quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock valued at $118,000 after buying an additional 3,259 shares in the last quarter. ING Groep NV bought a new position in shares of Knowles Corporation in the second quarter valued at $184,000. Raymond James Trust N.A. lifted its stake in shares of Knowles Corporation by 9.4% in the second quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock valued at $187,000 after buying an additional 948 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Knowles Corporation in the second quarter valued at $203,000.

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Knowles Corporation (NYSE KN) traded up 0.06% on Friday, hitting $15.82. 450,244 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $15.01 and a 200-day moving average price of $16.78. Knowles Corporation has a 52-week low of $13.80 and a 52-week high of $19.90. The stock’s market cap is $1.41 billion.

Knowles Corporation (NYSE:KN) last released its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. The firm had revenue of $190.20 million for the quarter, compared to the consensus estimate of $190.24 million. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. Analysts predict that Knowles Corporation will post $0.92 earnings per share for the current fiscal year.

A number of research analysts have weighed in on KN shares. Zacks Investment Research lowered shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $19.33.

In other news, insider Michael S. Polacek purchased 3,246 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were bought at an average price of $15.40 per share, for a total transaction of $49,988.40. Following the purchase, the insider now directly owns 42,866 shares in the company, valued at approximately $660,136.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.20% of the company’s stock.

About Knowles Corporation

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).

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Institutional Ownership by Quarter for Knowles Corporation (NYSE:KN)

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