William Blair Investment Management LLC Has $44.38 Million Holdings in Knowles Co. (NYSE:KN)

William Blair Investment Management LLC grew its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,226,761 shares of the communications equipment provider's stock after acquiring an additional 54,404 shares during the quarter. William Blair Investment Management LLC owned about 2.53% of Knowles worth $44,379,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its holdings in shares of Knowles by 54,279.3% in the third quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider's stock valued at $47,268,000 after acquiring an additional 2,616,805 shares in the last quarter. Raymond James Financial Inc. bought a new position in Knowles during the 4th quarter valued at $16,297,000. Wellington Management Group LLP increased its position in shares of Knowles by 33.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider's stock valued at $43,140,000 after purchasing an additional 594,484 shares during the period. Victory Capital Management Inc. increased its position in shares of Knowles by 64.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,092,161 shares of the communications equipment provider's stock valued at $19,692,000 after purchasing an additional 426,214 shares during the period. Finally, Royce & Associates LP raised its stake in shares of Knowles by 40.8% in the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock worth $24,425,000 after buying an additional 355,401 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.

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Knowles Price Performance

Shares of NYSE KN traded down $0.17 during mid-day trading on Friday, reaching $15.94. The company had a trading volume of 2,746,626 shares, compared to its average volume of 788,593. The company has a 50-day moving average price of $18.02 and a two-hundred day moving average price of $18.32. The stock has a market cap of $1.40 billion, a PE ratio of -6.02 and a beta of 1.42. 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 1-year low of $15.13 and a 1-year high of $20.85.

Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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.

Analysts Set New Price Targets

Several research analysts recently weighed in on KN shares. StockNews.com raised Knowles from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Craig Hallum downgraded shares of Knowles from a "buy" rating to a "hold" rating and set a $17.00 target price on the stock. in a report on Friday, February 14th.

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).