Wellington Management Group LLP Boosts Holdings in Knowles Co. (NYSE:KN)

Wellington Management Group LLP lifted its position in Knowles Co. (NYSE:KN - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,499,431 shares of the communications equipment provider's stock after purchasing an additional 106,763 shares during the quarter. Wellington Management Group LLP owned about 2.84% of Knowles worth $49,814,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 669 shares during the period. Blue Trust Inc. boosted its stake in shares of Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after purchasing an additional 1,449 shares during the period. KBC Group NV boosted its stake in shares of Knowles by 66.6% in the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,947 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Knowles in the fourth quarter valued at approximately $194,000. Finally, FourThought Financial Partners LLC purchased a new position in shares of Knowles in the fourth quarter valued at approximately $201,000. Hedge funds and other institutional investors own 96.35% of the company's stock.

Knowles Stock Down 4.9 %

NYSE:KN traded down $0.75 during mid-day trading on Thursday, hitting $14.34. The stock had a trading volume of 179,020 shares, compared to its average volume of 656,463. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. Knowles Co. has a twelve month low of $12.19 and a twelve month high of $20.86. The stock has a 50-day simple moving average of $16.43 and a two-hundred day simple moving average of $18.04. The company has a market capitalization of $1.26 billion, a PE ratio of -5.42 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on KN shares. StockNews.com lowered shares of Knowles from a "buy" rating to a "hold" rating in a research note on Tuesday. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Monday.

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).