Charles Schwab Investment Management Inc. Has $27.12 Million Stock Holdings in Knowles Co. (NYSE:KN)

Charles Schwab Investment Management Inc. decreased its position in Knowles Co. (NYSE:KN - Free Report) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,360,572 shares of the communications equipment provider's stock after selling 49,796 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.54% of Knowles worth $27,116,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Victory Capital Management Inc. boosted its holdings in Knowles by 64.0% during the third quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider's stock worth $19,692,000 after purchasing an additional 426,214 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of Knowles by 7.7% in the 3rd quarter. Natixis Advisors LLC now owns 33,707 shares of the communications equipment provider's stock valued at $608,000 after acquiring an additional 2,400 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Knowles in the 3rd quarter valued at about $52,000. Intech Investment Management LLC increased its position in shares of Knowles by 113.2% in the third quarter. Intech Investment Management LLC now owns 41,856 shares of the communications equipment provider's stock valued at $755,000 after acquiring an additional 22,223 shares during the last quarter. Finally, Foundry Partners LLC acquired a new position in Knowles during the third quarter valued at approximately $5,243,000. 96.35% of the stock is currently owned by institutional investors.

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Knowles Stock Performance

Shares of KN traded down $0.17 during mid-day trading on Friday, reaching $15.94. The company's stock had a trading volume of 552,157 shares, compared to its average volume of 613,207. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The stock 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 1-year low of $15.13 and a 1-year high of $20.86. The business has a 50-day simple moving average of $18.02 and a two-hundred day simple moving average of $18.32.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on KN shares. Craig Hallum lowered Knowles from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research report 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.

About Knowles

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).