Madison Investment Advisors LLC Buys New Stake in Knowles Co. (NYSE:KN)

Madison Investment Advisors LLC purchased a new stake in shares of Knowles Co. (NYSE:KN - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 124,841 shares of the communications equipment provider's stock, valued at approximately $2,488,000. Madison Investment Advisors LLC owned 0.14% of Knowles as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its position in Knowles by 46.9% during the fourth 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 during the period. Blue Trust Inc. raised its holdings in Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after purchasing an additional 1,449 shares during the period. KBC Group NV lifted 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 in the last quarter. Central Pacific Bank Trust Division bought a new stake in Knowles during the fourth quarter valued at about $194,000. Finally, FourThought Financial Partners LLC purchased a new stake in Knowles in the fourth quarter worth about $201,000. Hedge funds and other institutional investors own 96.35% of the company's stock.

Knowles Price Performance

KN stock traded down $0.11 during midday trading on Wednesday, hitting $16.06. The company's stock had a trading volume of 524,990 shares, compared to its average volume of 615,344. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. Knowles Co. has a 12 month low of $15.13 and a 12 month high of $20.86. The company has a 50 day moving average of $17.82 and a two-hundred day moving average of $18.30. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.06 and a beta of 1.42.

Remove Ads

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 the consensus estimate of $0.23 by ($0.01). The company 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%.

Wall Street Analyst Weigh In

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

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).