Cwm LLC grew its position in Knowles Corporation (NYSE:KN) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 364,003 shares of the communications equipment provider’s stock after purchasing an additional 64,623 shares during the quarter. Cwm LLC owned approximately 0.41% of Knowles worth $5,336,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of KN. Riverhead Capital Management LLC boosted its stake in Knowles by 88.1% during the second quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock worth $118,000 after acquiring an additional 3,259 shares in the last quarter. Capital Management Associates NY bought a new position in Knowles during the third quarter worth $153,000. Raymond James Trust N.A. boosted its stake in Knowles by 9.4% during the second quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock worth $187,000 after acquiring an additional 948 shares in the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in Knowles during the second quarter worth $203,000. Finally, Amalgamated Bank boosted its stake in Knowles by 0.9% during the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock worth $212,000 after acquiring an additional 117 shares in the last quarter.
Knowles Corporation (NYSE:KN) opened at $16.29 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.43 and a current ratio of 2.39. Knowles Corporation has a 1-year low of $14.11 and a 1-year high of $19.90. The firm has a market cap of $1,460.00, a price-to-earnings ratio of -814.50, a price-to-earnings-growth ratio of 2.19 and a beta of 0.76.
Knowles (NYSE:KN) last released its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The firm had revenue of $221.70 million for the quarter, compared to the consensus estimate of $220.62 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis. equities analysts forecast that Knowles Corporation will post 0.62 EPS for the current year.
Several research analysts recently issued reports on KN shares. Zacks Investment Research raised shares of Knowles from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Piper Jaffray Companies started coverage on shares of Knowles in a research note on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price on the stock. Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Knowles in a research note on Friday, October 27th. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.90.
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Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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