Barrow Hanley Mewhinney & Strauss LLC Takes Position in Knowles Co. (NYSE:KN)

Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Knowles Co. (NYSE:KN - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 1,444,942 shares of the communications equipment provider's stock, valued at approximately $28,798,000. Barrow Hanley Mewhinney & Strauss LLC owned about 1.64% of Knowles at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Knowles by 11.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,730 shares of the communications equipment provider's stock valued at $4,439,000 after buying an additional 22,315 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Knowles during the fourth quarter worth about $251,000. Teza Capital Management LLC purchased a new stake in Knowles during the fourth quarter worth about $227,000. ProShare Advisors LLC boosted its holdings in Knowles by 44.3% during the fourth quarter. ProShare Advisors LLC now owns 26,237 shares of the communications equipment provider's stock worth $523,000 after buying an additional 8,061 shares in the last quarter. Finally, Man Group plc boosted its holdings in Knowles by 146.3% during the fourth quarter. Man Group plc now owns 157,107 shares of the communications equipment provider's stock worth $3,131,000 after buying an additional 93,309 shares in the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.

Knowles Stock Performance

NYSE:KN opened at $16.44 on Friday. The firm has a 50 day simple moving average of $15.52 and a 200-day simple moving average of $17.66. 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 firm has a market cap of $1.43 billion, a PE ratio of -6.20 and a beta of 1.40. Knowles Co. has a 1-year low of $12.19 and a 1-year high of $20.86.

Knowles (NYSE:KN - Get Free Report) last released its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.18. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm had revenue of $132.20 million during the quarter, compared to the consensus estimate of $128.95 million. During the same period in the previous year, the firm earned $0.18 earnings per share. Knowles's revenue was down .8% compared to the same quarter last year.

Insider Activity at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the sale, the senior vice president now directly owns 111,286 shares in the company, valued at $1,919,683.50. The trade was a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

KN has been the subject of a number of research reports. Craig Hallum upgraded shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research report on Monday, April 7th. Wall Street Zen lowered shares of Knowles from a "buy" rating to a "hold" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird boosted their price objective on shares of Knowles from $18.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, April 25th.

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).

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