Quantbot Technologies LP Sells 16,909 Shares of Knowles Co. (NYSE:KN)

Quantbot Technologies LP trimmed its position in shares of Knowles Co. (NYSE:KN - Free Report) by 86.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,714 shares of the communications equipment provider's stock after selling 16,909 shares during the period. Quantbot Technologies LP's holdings in Knowles were worth $54,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in KN. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 669 shares during the period. Blue Trust Inc. increased 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 valued at $69,000 after buying an additional 1,449 shares during the period. National Bank of Canada FI raised its stake in shares of Knowles by 2.2% in the 3rd quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock valued at $1,194,000 after buying an additional 1,452 shares in the last quarter. Virtus Investment Advisers Inc. raised its stake in shares of Knowles by 11.0% in the 3rd quarter. Virtus Investment Advisers Inc. now owns 18,100 shares of the communications equipment provider's stock valued at $326,000 after buying an additional 1,800 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after acquiring an additional 1,947 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

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Knowles Price Performance

KN stock traded down $0.73 during midday trading on Friday, reaching $12.74. 1,117,559 shares of the company's stock traded hands, compared to its average volume of 645,505. The company has a 50-day simple moving average of $16.96 and a two-hundred day simple moving average of $18.18. 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 1-year low of $12.24 and a 1-year high of $20.86. The company has a market cap of $1.12 billion, a price-to-earnings ratio of -4.81 and a beta of 1.42.

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 for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The business had revenue of $142.50 million during the quarter.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Craig Hallum downgraded Knowles from a "buy" rating to a "hold" rating and set a $17.00 target price 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 research note on Monday, February 17th.

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).