Renaissance Technologies LLC Purchases 18,826 Shares of Knowles Co. (NYSE:KN)

Renaissance Technologies LLC raised its position in Knowles Co. (NYSE:KN - Free Report) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 253,600 shares of the communications equipment provider's stock after purchasing an additional 18,826 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of Knowles worth $5,054,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in KN. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Knowles during the fourth quarter valued at approximately $28,798,000. Raymond James Financial Inc. bought a new stake in shares of Knowles in the 4th quarter worth $16,297,000. Norges Bank acquired a new stake in shares of Knowles in the fourth quarter valued at $7,983,000. Royce & Associates LP lifted its holdings in shares of Knowles by 40.8% in the fourth quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock valued at $24,425,000 after buying an additional 355,401 shares during the period. Finally, Franklin Resources Inc. boosted its stake in 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 buying an additional 265,814 shares in the last quarter. Institutional investors own 96.35% of the company's stock.

Knowles Stock Up 3.3 %

Shares of NYSE KN traded up $0.47 during mid-day trading on Wednesday, reaching $14.87. The company had a trading volume of 819,299 shares, compared to its average volume of 676,124. The stock has a market capitalization of $1.30 billion, a PE ratio of -5.61 and a beta of 1.41. Knowles Co. has a twelve month low of $12.19 and a twelve month 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. The stock's 50 day moving average is $15.73 and its 200-day moving average is $17.84.

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

Analyst Ratings Changes

KN has been the subject of several research reports. StockNews.com upgraded shares of Knowles from a "hold" rating to a "buy" rating in a research report on Wednesday, April 16th. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Monday, April 7th.

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).