Thrivent Financial for Lutherans Lowers Holdings in Knowles Co. (NYSE:KN)

Thrivent Financial for Lutherans trimmed its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 393,418 shares of the communications equipment provider's stock after selling 44,860 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.45% of Knowles worth $7,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted 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 buying an additional 669 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in shares of Knowles by 4.3% during the third quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider's stock valued at $324,000 after acquiring an additional 748 shares in the last quarter. Blue Trust Inc. lifted its stake in Knowles by 72.4% in 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 during the period. National Bank of Canada FI boosted its holdings in Knowles by 2.2% in the third quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock valued at $1,194,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Virtus Investment Advisers Inc. increased its position in Knowles by 11.0% during the 3rd quarter. Virtus Investment Advisers Inc. now owns 18,100 shares of the communications equipment provider's stock valued at $326,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 96.35% of the company's stock.

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Knowles Stock Down 0.7 %

Knowles stock traded down $0.11 on Thursday, hitting $15.94. 540,365 shares of the stock traded hands, compared to its average volume of 614,672. The business's fifty day simple moving average is $17.74 and its 200 day simple moving average is $18.29. The firm has a market cap of $1.40 billion, a P/E ratio of -6.02 and a beta of 1.42. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. Knowles Co. has a 1 year low of $15.13 and a 1 year high of $20.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on KN shares. StockNews.com raised shares of Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Craig Hallum cut Knowles from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a research report on Friday, February 14th.

About Knowles

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).