Bailard Inc. Decreases Holdings in Knowles Co. (NYSE:KN)

Bailard Inc. decreased its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 45.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,517 shares of the communications equipment provider's stock after selling 17,800 shares during the quarter. Bailard Inc.'s holdings in Knowles were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KN. Dynamic Technology Lab Private Ltd increased its stake in shares of Knowles by 4.3% in the third quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider's stock worth $324,000 after acquiring an additional 748 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Knowles by 10.0% in the third quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider's stock worth $167,000 after acquiring an additional 845 shares during the period. Blue Trust Inc. increased its stake in shares of Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after acquiring an additional 1,449 shares during the period. National Bank of Canada FI increased its stake in shares of Knowles by 2.2% in the third quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock worth $1,194,000 after acquiring an additional 1,452 shares during the period. Finally, Virtus Investment Advisers Inc. increased its stake in shares of Knowles by 11.0% in the third quarter. Virtus Investment Advisers Inc. now owns 18,100 shares of the communications equipment provider's stock worth $326,000 after acquiring an additional 1,800 shares during the period. Institutional investors and hedge funds own 96.35% of the company's stock.

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Knowles Stock Performance

NYSE KN traded up $0.16 during mid-day trading on Friday, reaching $16.38. 1,010,038 shares of the stock were exchanged, compared to its average volume of 595,984. The business's 50 day moving average is $18.72 and its 200-day moving average is $18.44. Knowles Co. has a 1 year low of $15.00 and a 1 year high of $20.86. The company has a market capitalization of $1.44 billion, a P/E ratio of -6.18 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83.

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

Analyst Upgrades and Downgrades

KN has been the topic of a number of research reports. 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 research note on Friday, February 14th. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research note 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).