Amundi Purchases 25,927 Shares of Knowles Co. (NYSE:KN)

Amundi increased its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 50.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,351 shares of the communications equipment provider's stock after acquiring an additional 25,927 shares during the quarter. Amundi owned about 0.09% of Knowles worth $1,542,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pacer Advisors Inc. grew its holdings in shares of 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 valued at $47,268,000 after purchasing an additional 2,616,805 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Knowles by 1.9% in the 4th quarter. Rhumbline Advisers now owns 275,317 shares of the communications equipment provider's stock worth $5,487,000 after buying an additional 5,019 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Knowles in the 4th quarter worth about $16,297,000. Franklin Resources Inc. raised its position 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 valued at $169,135,000 after buying an additional 265,814 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Knowles by 340.0% in the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider's stock valued at $2,622,000 after acquiring an additional 112,354 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KN shares. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Craig Hallum downgraded Knowles from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a research report on Friday, February 14th.

Knowles Trading Down 1.0 %

Shares of KN stock traded down $0.17 during trading hours on Friday, reaching $15.94. 2,691,300 shares of the stock were exchanged, compared to its average volume of 613,213. Knowles Co. has a 12-month low of $15.13 and a 12-month high of $20.86. The company's 50-day moving average price is $18.02 and its 200-day moving average price is $18.32. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -6.02 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18.

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 analysts' consensus estimates of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

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).