Knowles Co. (NYSE:KN) Shares Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC boosted its holdings in Knowles Co. (NYSE:KN - Free Report) by 3.7% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,019,284 shares of the communications equipment provider's stock after buying an additional 36,598 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 1.16% of Knowles worth $20,314,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 669 shares in the last quarter. Sterling Capital Management LLC grew its position in Knowles by 835.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock valued at $55,000 after acquiring an additional 2,448 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after purchasing an additional 1,449 shares during the period. KBC Group NV lifted its position 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 in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Knowles during the 4th quarter valued at $194,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Knowles Stock Performance

Shares of KN opened at $14.41 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of -5.44 and a beta of 1.41. The business's fifty day moving average price is $15.96 and its 200 day moving average price is $17.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. Knowles Co. has a 12-month low of $12.19 and a 12-month high of $20.86.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KN. 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 report on Monday, April 7th. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a report on Wednesday.

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).

Want to see what other hedge funds are holding KN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knowles Co. (NYSE:KN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.