Knowles Co. (NYSE:KN) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Knowles Co. (NYSE:KN - Free Report) by 11.1% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 222,730 shares of the communications equipment provider's stock after purchasing an additional 22,315 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.25% of Knowles worth $4,439,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Knowles by 340.0% during the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider's stock worth $2,622,000 after acquiring an additional 112,354 shares during the period. SG Americas Securities LLC raised its holdings in shares of Knowles by 173.1% during the 4th quarter. SG Americas Securities LLC now owns 15,838 shares of the communications equipment provider's stock worth $316,000 after acquiring an additional 10,038 shares during the period. Blue Trust Inc. raised its holdings in shares of Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after acquiring an additional 1,449 shares during the period. KBC Group NV raised its holdings in shares of Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock worth $97,000 after acquiring an additional 1,947 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Knowles by 1.9% during the 4th quarter. Rhumbline Advisers now owns 275,317 shares of the communications equipment provider's stock worth $5,487,000 after acquiring an additional 5,019 shares during the period. Hedge funds and other institutional investors own 96.35% of the company's stock.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $17.25, for a total transaction of $95,651.25. Following the completion of the transaction, the senior vice president now directly owns 111,286 shares of the company's stock, valued at approximately $1,919,683.50. The trade was a 4.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.54% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KN shares. Robert W. Baird raised their price objective on Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Craig Hallum raised Knowles from a "hold" rating to a "buy" rating and set a $17.00 price objective for the company in a research report on Monday, April 7th. Finally, Wall Street Zen downgraded Knowles from a "buy" rating to a "hold" rating in a research report on Saturday, May 24th.

Knowles Price Performance

NYSE KN remained flat at $16.64 during trading on Thursday. The company's stock had a trading volume of 354,104 shares, compared to its average volume of 684,329. The company has a market capitalization of $1.45 billion, a P/E ratio of -6.28 and a beta of 1.40. 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 business's fifty day moving average is $15.59 and its 200 day moving average is $17.52. 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 released its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $132.20 million during the quarter, compared to the consensus estimate of $128.95 million. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. Knowles's revenue was down .8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS.

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).