Landscape Capital Management L.L.C. bought a new stake in Knowles (NYSE:KN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,241 shares of the communications equipment provider’s stock, valued at approximately $267,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Knowles by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 760,980 shares of the communications equipment provider’s stock worth $11,155,000 after acquiring an additional 4,102 shares during the period. Investors Research Corp bought a new stake in Knowles during the 4th quarter worth approximately $216,000. Assetmark Inc. increased its holdings in Knowles by 222.6% during the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after acquiring an additional 5,618 shares during the period. Baird Financial Group Inc. bought a new stake in Knowles during the 4th quarter worth approximately $3,040,000. Finally, Royce & Associates LP increased its holdings in Knowles by 8.5% during the 4th quarter. Royce & Associates LP now owns 1,109,950 shares of the communications equipment provider’s stock worth $16,272,000 after acquiring an additional 86,500 shares during the period.
A number of research firms recently weighed in on KN. Lake Street Capital reaffirmed a “buy” rating and set a $20.00 target price on shares of Knowles in a report on Monday, November 20th. Piper Jaffray Companies initiated coverage on shares of Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price on the stock. Craig Hallum reissued a “buy” rating and issued a $17.00 price target (down previously from $20.00) on shares of Knowles in a report on Thursday, February 8th. Finally, Zacks Investment Research lowered shares of Knowles from a “hold” rating to a “sell” rating in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $18.08.
Knowles (NYSE KN) remained flat at $$13.53 during mid-day trading on Tuesday. 96,234 shares of the company’s stock traded hands, compared to its average volume of 980,956. The company has a current ratio of 2.60, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. Knowles has a twelve month low of $13.10 and a twelve month high of $19.90. The company has a market cap of $1,246.62, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 1.85 and a beta of 0.79.
Knowles (NYSE:KN) last released its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.07. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company had revenue of $215.50 million for the quarter, compared to analyst estimates of $221.96 million. During the same quarter last year, the firm earned $0.32 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. analysts anticipate that Knowles will post 0.75 EPS for the current year.
In other Knowles news, Director Didier Hirsch bought 3,000 shares of Knowles stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $14.45 per share, with a total value of $43,350.00. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have purchased 8,009 shares of company stock worth $114,693. 2.20% of the stock is owned by insiders.
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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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