Dimensional Fund Advisors LP Sells 122,593 Shares of Knowles Co. (NYSE:KN)

Dimensional Fund Advisors LP reduced its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,500,821 shares of the communications equipment provider's stock after selling 122,593 shares during the period. Dimensional Fund Advisors LP owned 7.38% of Knowles worth $129,562,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Knowles during the 4th quarter valued at about $16,297,000. Rhumbline Advisers lifted its holdings in 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 purchasing an additional 5,019 shares in the last quarter. Barclays PLC lifted its holdings in Knowles by 340.0% in the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider's stock worth $2,622,000 after purchasing an additional 112,354 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider's stock worth $169,135,000 after purchasing an additional 265,814 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Knowles by 2.8% in the 4th quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider's stock worth $8,542,000 after purchasing an additional 11,510 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Knowles Price Performance

Shares of NYSE:KN traded down $0.06 on Tuesday, reaching $15.97. The company's stock had a trading volume of 718,152 shares, compared to its average volume of 683,701. Knowles Co. has a 52-week low of $12.19 and a 52-week high of $20.86. 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 company has a 50-day simple moving average of $15.52 and a 200 day simple moving average of $17.80. The company has a market cap of $1.40 billion, a P/E ratio of -6.03 and a beta of 1.41.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, hitting analysts' consensus estimates of $0.18. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm had revenue of $132.20 million during the quarter, compared to analysts' expectations of $128.95 million. During the same period in the previous year, the company earned $0.18 EPS. The firm's revenue for the quarter was down .8% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on KN. StockNews.com cut shares of Knowles from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a research note on Monday, April 7th. Finally, Robert W. Baird lifted their price objective on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a research note on Friday.

Knowles Company 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).