Knowles Co. (NYSE:KN) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 27.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,085 shares of the communications equipment provider's stock after selling 66,094 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.20% of Knowles worth $3,470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 669 shares during the period. Meeder Asset Management Inc. purchased a new stake in Knowles during the 3rd quarter worth about $52,000. Blue Trust Inc. lifted its holdings in Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after buying an additional 1,449 shares during the last quarter. KBC Group NV lifted its holdings in Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock worth $97,000 after buying an additional 1,947 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Knowles during the 4th quarter worth about $194,000. Institutional investors and hedge funds own 96.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on KN shares. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Craig Hallum downgraded Knowles from a "buy" rating to a "hold" rating and set a $17.00 target price for the company. in a report on Friday, February 14th.

Remove Ads

Knowles Stock Performance

Shares of Knowles stock traded down $0.17 on Friday, hitting $15.94. The stock had a trading volume of 2,746,626 shares, compared to its average volume of 613,428. Knowles Co. has a 52-week low of $15.13 and a 52-week high of $20.86. 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 price-to-earnings ratio of -6.02 and a beta of 1.42. The company's 50 day moving average price is $18.02 and its 200 day moving average price is $18.32.

Knowles (NYSE:KN - Get Free Report) last posted 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). Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm had revenue of $142.50 million during the quarter.

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).