Bank of New York Mellon Corp lessened its position in Knowles Co. (NYSE:KN - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 689,370 shares of the communications equipment provider's stock after selling 42,149 shares during the quarter. Bank of New York Mellon Corp owned 0.78% of Knowles worth $13,739,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in KN. Meeder Asset Management Inc. purchased a new stake in Knowles during the third quarter valued at about $52,000. Blue Trust Inc. boosted its position in 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 buying an additional 1,449 shares during the period. KBC Group NV boosted its position in Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,947 shares during the period. Central Pacific Bank Trust Division purchased a new stake in Knowles during the fourth quarter valued at about $194,000. Finally, Verition Fund Management LLC purchased a new stake in Knowles during the third quarter valued at about $227,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.
Knowles Trading Up 1.2 %
Shares of Knowles stock traded up $0.20 during trading on Friday, reaching $16.01. 648,390 shares of the stock were exchanged, compared to its average volume of 602,394. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The stock's fifty day moving average is $18.34 and its 200 day moving average is $18.38. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of -6.04 and a beta of 1.42. Knowles Co. has a 1 year low of $15.00 and a 1 year high of $20.86.
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 analysts' consensus estimates of $0.23 by ($0.01). The firm had revenue of $142.50 million for the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.
Analyst Ratings Changes
Several analysts have issued reports on KN shares. Craig Hallum lowered shares of Knowles from a "buy" rating to a "hold" rating and set a $17.00 price target for the company. in a research report on Friday, February 14th. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a report on Monday, February 17th.
Read Our Latest Stock Report 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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