Knowles Co. (NYSE:KN) Short Interest Update

Knowles Co. (NYSE:KN - Get Free Report) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,810,000 shares, a decline of 21.1% from the March 15th total of 3,560,000 shares. Based on an average daily volume of 816,300 shares, the short-interest ratio is currently 3.4 days. Currently, 3.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On Knowles

Hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles during the 4th quarter worth approximately $28,798,000. Raymond James Financial Inc. bought a new position in Knowles in the 4th quarter valued at $16,297,000. Norges Bank purchased a new stake in Knowles in the fourth quarter worth $7,983,000. Royce & Associates LP lifted its position in shares of Knowles by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock worth $24,425,000 after purchasing an additional 355,401 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Knowles by 2.9% during the third quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider's stock valued at $169,135,000 after purchasing an additional 265,814 shares during the period. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research report on Wednesday. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a report on Monday, April 7th.

Knowles Stock Performance

NYSE KN opened at $14.41 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -5.44 and a beta of 1.41. The business's 50 day moving average price is $15.88 and its 200-day moving average price is $17.88. Knowles has a fifty-two week low of $12.19 and a fifty-two 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.

Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 34.66% and a positive return on equity of 5.52%.

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).

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