Victory Capital Management Inc. Sells 48,131 Shares of Knowles Co. (NYSE:KN)

Victory Capital Management Inc. decreased its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,044,030 shares of the communications equipment provider's stock after selling 48,131 shares during the quarter. Victory Capital Management Inc. owned about 1.19% of Knowles worth $20,808,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in Knowles in the third quarter valued at $52,000. Blue Trust Inc. increased its position 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 increased its position in 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 in the last quarter. Central Pacific Bank Trust Division bought a new position in Knowles in the fourth quarter worth approximately $194,000. Finally, FourThought Financial Partners LLC bought a new position in Knowles in the fourth quarter worth approximately $201,000. Institutional investors and hedge funds own 96.35% of the company's stock.

Analyst Upgrades and Downgrades

KN has been the topic of a number of research reports. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a research report on Monday, February 17th. Craig Hallum cut shares of Knowles from a "buy" rating to a "hold" rating and set a $17.00 price objective for the company. in a report on Friday, February 14th.

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Knowles Stock Performance

Shares of Knowles stock opened at $16.28 on Wednesday. The business has a 50 day moving average price of $18.58 and a 200-day moving average price of $18.43. Knowles Co. has a 52 week low of $15.00 and a 52 week high of $20.86. The company has a market cap of $1.43 billion, a PE ratio of -6.14 and a beta of 1.42. 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 (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). The business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

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).

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