Royce & Associates LP Boosts Stock Holdings in Knowles Co. (NYSE:KN)

Royce & Associates LP raised its position in shares of Knowles Co. (NYSE:KN - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,225,524 shares of the communications equipment provider's stock after buying an additional 355,401 shares during the quarter. Royce & Associates LP owned about 1.39% of Knowles worth $24,425,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Knowles by 46.9% during the 4th 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. Meeder Asset Management Inc. purchased a new stake in shares of Knowles during the third quarter worth about $52,000. Blue Trust Inc. increased its holdings 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 acquiring an additional 1,449 shares in the last quarter. KBC Group NV raised its position in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,947 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Knowles in the 4th quarter worth approximately $194,000. 96.35% of the stock is currently owned by institutional investors.

Knowles Stock Performance

NYSE KN traded down $0.28 during trading hours on Thursday, reaching $16.11. The stock had a trading volume of 556,644 shares, compared to its average volume of 603,949. Knowles Co. has a 52-week low of $15.08 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 stock has a market cap of $1.41 billion, a P/E ratio of -6.08 and a beta of 1.42. The stock has a fifty day moving average of $18.10 and a 200 day moving average of $18.33.

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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 business 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%.

Analyst Upgrades and Downgrades

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

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).