Knowles Co. (NYSE:KN) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its position in shares of Knowles Co. (NYSE:KN - Free Report) by 59.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,524 shares of the communications equipment provider's stock after selling 62,568 shares during the quarter. Trexquant Investment LP's holdings in Knowles were worth $848,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC raised 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 worth $42,000 after acquiring an additional 669 shares during the last quarter. Blue Trust Inc. lifted its stake 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 in the last quarter. KBC Group NV grew its holdings in 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 buying an additional 1,947 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in Knowles during the fourth quarter worth $194,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Knowles in the fourth quarter worth $201,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Knowles Trading Down 1.0 %

Shares of NYSE:KN traded down $0.15 during midday trading on Tuesday, reaching $14.47. The company's stock had a trading volume of 1,051,412 shares, compared to its average volume of 666,779. The business has a 50 day moving average price of $16.20 and a 200 day moving average price of $17.98. Knowles Co. has a 1 year low of $12.19 and a 1 year high of $20.86. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -5.46 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18.

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Knowles (NYSE:KN - Get Free Report) last posted 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 business 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%.

Wall Street Analysts Forecast Growth

KN has been the topic of a number of analyst reports. StockNews.com lowered Knowles from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price target 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).