Anchor Capital Advisors LLC lessened its position in Knowles Corp (NYSE:KN) by 44.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,816 shares of the communications equipment provider’s stock after selling 51,719 shares during the quarter. Anchor Capital Advisors LLC owned 0.07% of Knowles worth $1,061,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in shares of Knowles in the 2nd quarter worth about $175,000. We Are One Seven LLC bought a new stake in shares of Knowles in the 3rd quarter worth about $232,000. UBS Group AG lifted its holdings in shares of Knowles by 112.3% in the 1st quarter. UBS Group AG now owns 14,620 shares of the communications equipment provider’s stock worth $184,000 after acquiring an additional 7,733 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Knowles by 38.4% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 15,472 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 4,290 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan lifted its holdings in shares of Knowles by 24.0% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 15,500 shares of the communications equipment provider’s stock worth $237,000 after acquiring an additional 3,000 shares during the last quarter.
Shares of Knowles stock opened at $16.18 on Friday. The company has a current ratio of 2.60, a quick ratio of 1.55 and a debt-to-equity ratio of 0.17. Knowles Corp has a 52-week low of $10.94 and a 52-week high of $18.32. The company has a market capitalization of $1.42 billion, a PE ratio of 23.11, a PEG ratio of 2.26 and a beta of 1.01.
Knowles (NYSE:KN) last issued its quarterly earnings data on Wednesday, October 24th. The communications equipment provider reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.04. Knowles had a net margin of 8.99% and a return on equity of 6.40%. The firm had revenue of $236.20 million for the quarter, compared to the consensus estimate of $219.73 million. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. On average, equities research analysts expect that Knowles Corp will post 0.7 earnings per share for the current fiscal year.
Several research firms have recently issued reports on KN. Zacks Investment Research upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday. Roth Capital decreased their price objective on shares of Knowles from $22.00 to $17.00 and set a “buy” rating for the company in a report on Monday, October 22nd. Robert W. Baird reiterated a “buy” rating and set a $18.00 price objective on shares of Knowles in a report on Wednesday, October 17th. ValuEngine upgraded shares of Knowles from a “sell” rating to a “hold” rating in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lowered shares of Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 price objective for the company. in a report on Friday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $17.14.
Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.
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