Counterpoint Mutual Funds LLC Makes New $463,000 Investment in Knowles Co. (NYSE:KN)

Counterpoint Mutual Funds LLC acquired a new position in shares of Knowles Co. (NYSE:KN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 23,252 shares of the communications equipment provider's stock, valued at approximately $463,000.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of Knowles by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider's stock worth $169,135,000 after buying an additional 265,814 shares during the last quarter. Pacer Advisors Inc. grew its position in Knowles by 54,279.3% in the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider's stock worth $47,268,000 after acquiring an additional 2,616,805 shares during the period. Wellington Management Group LLP grew its position in Knowles by 33.1% in the third quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider's stock worth $43,140,000 after acquiring an additional 594,484 shares during the period. JPMorgan Chase & Co. increased its stake in Knowles by 10.3% during the third quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider's stock worth $36,986,000 after acquiring an additional 191,383 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Knowles by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,018,615 shares of the communications equipment provider's stock valued at $36,403,000 after purchasing an additional 7,658 shares during the last quarter. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

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Knowles Trading Down 1.0 %

Shares of KN traded down $0.17 during midday trading on Friday, hitting $15.94. 2,746,626 shares of the stock were exchanged, compared to its average volume of 788,593. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The firm has a market cap of $1.40 billion, a P/E ratio of -6.02 and a beta of 1.42. Knowles Co. has a 52-week low of $15.13 and a 52-week high of $20.85. The stock has a fifty day simple moving average of $18.02 and a 200 day simple moving average of $18.32.

Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $142.50 million during the quarter. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KN shares. Craig Hallum lowered shares of Knowles from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Friday, February 14th. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research report on Monday, February 17th.

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).