Foundry Partners LLC increased its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 43.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 418,282 shares of the communications equipment provider's stock after buying an additional 127,494 shares during the quarter. Foundry Partners LLC owned 0.47% of Knowles worth $8,336,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC increased its holdings in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock worth $42,000 after purchasing an additional 669 shares in the last quarter. Blue Trust Inc. increased its position in Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after acquiring an additional 1,449 shares during the period. KBC Group NV lifted its holdings in shares of Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock worth $97,000 after purchasing an additional 1,947 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Knowles in the fourth quarter valued at $194,000. Finally, FourThought Financial Partners LLC bought a new position in Knowles during the 4th quarter worth $201,000. 96.35% of the stock is owned by institutional investors and hedge funds.
Knowles Stock Up 2.6 %
Shares of KN traded up $0.34 during trading hours on Wednesday, hitting $13.23. The stock had a trading volume of 257,389 shares, compared to its average volume of 651,079. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The firm has a market capitalization of $1.16 billion, a P/E ratio of -4.97 and a beta of 1.41. The firm has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $18.08. Knowles Co. has a 1-year low of $12.19 and a 1-year high of $20.86.
Knowles (NYSE:KN - Get Free Report) last issued its quarterly earnings data 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 during the quarter.
Wall Street Analyst Weigh In
KN has been the subject of several recent research reports. StockNews.com cut Knowles from a "buy" rating to a "hold" rating in a research note on Tuesday. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Monday.
Read Our Latest Analysis on KN
About Knowles
(
Free Report)
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).
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