Knowles Co. (NYSE:KN) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas boosted its position in shares of Knowles Co. (NYSE:KN - Free Report) by 97.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,279 shares of the communications equipment provider's stock after acquiring an additional 47,462 shares during the period. Teacher Retirement System of Texas owned about 0.11% of Knowles worth $1,919,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC raised its position in shares of Knowles by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 33,707 shares of the communications equipment provider's stock worth $608,000 after acquiring an additional 2,400 shares in the last quarter. Intech Investment Management LLC raised its holdings in Knowles by 113.2% during the third quarter. Intech Investment Management LLC now owns 41,856 shares of the communications equipment provider's stock worth $755,000 after purchasing an additional 22,223 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Knowles by 14.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,410,368 shares of the communications equipment provider's stock worth $25,429,000 after buying an additional 178,745 shares during the last quarter. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Knowles by 4.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider's stock valued at $324,000 after buying an additional 748 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Knowles during the 3rd quarter worth $354,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Remove Ads

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KN. Craig Hallum lowered Knowles from a "buy" rating to a "hold" rating and set a $17.00 price objective on the stock. in a report on Friday, February 14th. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a research report on Monday, February 17th.

Knowles Stock Performance

NYSE:KN traded down $0.13 during trading hours on Monday, reaching $15.22. 608,816 shares of the company's stock were exchanged, compared to its average volume of 642,586. Knowles Co. has a 1-year low of $14.95 and a 1-year high of $20.86. 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 $1.33 billion, a price-to-earnings ratio of -5.74 and a beta of 1.42. The company has a 50-day moving average of $17.46 and a 200 day moving average of $18.27.

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

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).