BNP Paribas Financial Markets decreased its holdings in Knowles Co. (NYSE:KN - Free Report) by 53.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,358 shares of the communications equipment provider's stock after selling 16,808 shares during the quarter. BNP Paribas Financial Markets' holdings in Knowles were worth $286,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings 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 valued at $230,418,000 after purchasing an additional 82,827 shares during the last quarter. Wellington Management Group LLP grew its holdings 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 valued at $49,814,000 after purchasing an additional 106,763 shares during the last quarter. William Blair Investment Management LLC grew its holdings in shares of 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 purchasing an additional 54,404 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles during the 4th quarter valued at approximately $28,798,000. Finally, Royce & Associates LP grew its holdings in shares of Knowles by 40.8% during the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider's stock valued at $24,425,000 after purchasing an additional 355,401 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company's stock.
Insiders Place Their Bets
In other news, SVP Raymond D. Cabrera sold 5,545 shares of the business's stock in a transaction 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 sale, the senior vice president now owns 111,286 shares in the company, valued at approximately $1,919,683.50. The trade was a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.54% of the company's stock.
Knowles Stock Up 1.3%
Shares of NYSE KN traded up $0.22 during trading on Thursday, hitting $16.57. The stock had a trading volume of 541,957 shares, compared to its average volume of 685,510. Knowles Co. has a 12 month low of $12.19 and a 12 month high of $20.86. 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 company has a market capitalization of $1.44 billion, a PE ratio of -6.25 and a beta of 1.40. The firm has a fifty day moving average of $15.54 and a two-hundred day moving average of $17.59.
Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $132.20 million for the quarter, compared to the consensus estimate of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The company's revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share.
Analyst Ratings Changes
A number of equities research analysts have weighed in on KN shares. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Monday, April 7th. Wall Street Zen lowered shares of Knowles from a "buy" rating to a "hold" rating in a report on Saturday, May 24th. Finally, Robert W. Baird boosted their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a report on Friday, April 25th.
Read Our Latest Stock Report on KN
Knowles Profile
(
Free Report)
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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