XTX Topco Ltd Invests $461,000 in Knowles Co. (NYSE:KN)

XTX Topco Ltd purchased a new stake in Knowles Co. (NYSE:KN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,114 shares of the communications equipment provider's stock, valued at approximately $461,000.

A number of other institutional investors have also recently added to or reduced their stakes in KN. Vanguard Group Inc. raised its stake in shares of Knowles by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 11,561,358 shares of the communications equipment provider's stock worth $230,418,000 after buying an additional 82,827 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Knowles by 2.9% in the third quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider's stock valued at $169,135,000 after purchasing an additional 265,814 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Knowles by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,499,431 shares of the communications equipment provider's stock worth $49,814,000 after purchasing an additional 106,763 shares during the last quarter. William Blair Investment Management LLC grew its holdings in Knowles by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,226,761 shares of the communications equipment provider's stock valued at $44,379,000 after buying an additional 54,404 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Knowles by 10.3% during the third quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider's stock worth $36,986,000 after buying an additional 191,383 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on KN shares. StockNews.com cut Knowles from a "buy" rating to a "hold" rating in a research report on Thursday. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a research report on Monday, April 7th.

Knowles Trading Up 5.5 %

NYSE:KN traded up $0.81 during mid-day trading on Thursday, reaching $15.63. The company's stock had a trading volume of 615,193 shares, compared to its average volume of 677,347. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The stock has a market cap of $1.37 billion, a P/E ratio of -5.90 and a beta of 1.41. The company's fifty day simple moving average is $15.66 and its two-hundred day simple moving average is $17.82. Knowles Co. has a twelve month low of $12.19 and a twelve month high of $20.86.

Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, April 24th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). 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).