Knowles Co. (NYSE:KN) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 26.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 227,357 shares of the communications equipment provider's stock after buying an additional 48,258 shares during the quarter. Deutsche Bank AG owned 0.26% of Knowles worth $4,531,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after purchasing an additional 669 shares during the last quarter. Sterling Capital Management LLC increased its position in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock valued at $55,000 after purchasing an additional 2,448 shares during the last quarter. Blue Trust Inc. increased its position in shares of Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock valued at $69,000 after purchasing an additional 1,449 shares during the last quarter. KBC Group NV increased its position in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after purchasing an additional 1,947 shares during the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Knowles in the 4th quarter valued at approximately $201,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the firm'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 transaction, the senior vice president now directly owns 111,286 shares of the company's stock, valued at approximately $1,919,683.50. This trade represents a 4.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.54% of the stock is currently owned by insiders.

Knowles Stock Down 1.4%

Shares of NYSE KN traded down $0.24 during mid-day trading on Friday, reaching $16.21. The company had a trading volume of 463,705 shares, compared to its average volume of 686,254. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The firm has a 50 day simple moving average of $15.52 and a two-hundred day simple moving average of $17.63. The stock has a market cap of $1.41 billion, a P/E ratio of -6.12 and a beta of 1.40. Knowles Co. has a 52-week low of $12.19 and a 52-week high of $20.86.

Knowles (NYSE:KN - Get Free Report) last posted its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, meeting analysts' consensus estimates of $0.18. The firm 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% on a year-over-year basis. During the same period last year, the firm posted $0.18 EPS.

Analyst Ratings Changes

A number of brokerages have commented on KN. Craig Hallum raised shares of Knowles from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research report on Monday, April 7th. Robert W. Baird increased their target price 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. Finally, Wall Street Zen downgraded shares of Knowles from a "buy" rating to a "hold" rating in a research report on Saturday.

Knowles Company 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).