Raymond James Financial Inc. Acquires Shares of 817,710 Knowles Co. (NYSE:KN)

Raymond James Financial Inc. acquired a new stake in Knowles Co. (NYSE:KN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 817,710 shares of the communications equipment provider's stock, valued at approximately $16,297,000. Raymond James Financial Inc. owned 0.93% of Knowles as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KN. Dynamic Technology Lab Private Ltd raised its position in shares of Knowles by 4.3% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider's stock worth $324,000 after acquiring an additional 748 shares in the last quarter. Blue Trust Inc. raised its holdings in 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 purchasing an additional 1,449 shares in the last quarter. National Bank of Canada FI lifted its position in shares of Knowles by 2.2% during the 3rd quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider's stock worth $1,194,000 after buying an additional 1,452 shares during the last quarter. Virtus Investment Advisers Inc. boosted its holdings 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 grew its position in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,947 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

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Knowles Stock Performance

NYSE:KN traded down $0.17 during trading hours on Friday, reaching $15.94. 2,691,300 shares of the company's stock were exchanged, compared to its average volume of 613,213. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of -6.02 and a beta of 1.42. Knowles Co. has a 1-year low of $15.13 and a 1-year high of $20.86. The company has a 50-day moving average of $18.02 and a 200 day moving average of $18.32.

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

Analyst Ratings Changes

KN has been the subject of several research analyst reports. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Craig Hallum downgraded Knowles from a "buy" rating to a "hold" rating and set a $17.00 price target on the stock. in a research note 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).