JPMorgan Chase & Co. Sells 467,150 Shares of Knowles Co. (NYSE:KN)

JPMorgan Chase & Co. trimmed its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 22.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,584,196 shares of the communications equipment provider's stock after selling 467,150 shares during the period. JPMorgan Chase & Co. owned approximately 1.80% of Knowles worth $31,573,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position 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 buying an additional 669 shares in the last quarter. Blue Trust Inc. raised 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 worth $69,000 after acquiring an additional 1,449 shares in the last quarter. 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 purchasing an additional 1,947 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Knowles in the fourth quarter valued at about $194,000. Finally, FourThought Financial Partners LLC acquired a new position in Knowles in the 4th quarter worth about $201,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KN has been the subject of several research reports. StockNews.com lowered Knowles from a "buy" rating to a "hold" rating in a report on Tuesday. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target on the stock in a research note on Monday, April 7th.

Remove Ads

Knowles Stock Up 0.2 %

Shares of KN traded up $0.02 during trading hours on Friday, hitting $14.57. 925,551 shares of the company were exchanged, compared to its average volume of 663,522. 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 market cap of $1.28 billion, a PE ratio of -5.50 and a beta of 1.41. The firm's 50 day moving average is $16.28 and its 200-day moving average is $18.00. Knowles Co. has a 52 week low of $12.19 and a 52 week high of $20.86.

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

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).