Connor Clark & Lunn Investment Management Ltd. Has $1.02 Million Position in Knowles Corporation $KN

Connor Clark & Lunn Investment Management Ltd. reduced its holdings in Knowles Corporation (NYSE:KN - Free Report) by 61.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,085 shares of the communications equipment provider's stock after selling 107,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.08% of Knowles worth $1,020,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock valued at $25,000 after buying an additional 1,444 shares during the last quarter. Sterling Capital Management LLC increased its stake in 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 buying an additional 2,448 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Knowles by 47.0% in the 1st quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 1,184 shares during the last quarter. Bank of Montreal Can acquired a new stake in Knowles in the 4th quarter valued at $203,000. Finally, Stifel Financial Corp acquired a new stake in Knowles in the 4th quarter valued at $209,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Stock Performance

Shares of KN stock traded up $1.1260 during midday trading on Friday, hitting $21.4760. 141,026 shares of the company were exchanged, compared to its average volume of 720,721. The firm has a market capitalization of $1.84 billion, a P/E ratio of 73.98 and a beta of 1.45. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.29 and a current ratio of 2.00. The firm's 50 day moving average price is $18.80 and its two-hundred day moving average price is $17.15. Knowles Corporation has a 52 week low of $12.19 and a 52 week high of $21.47.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Craig Hallum lifted their price target on shares of Knowles from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, July 25th. Wall Street Zen raised shares of Knowles from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, July 29th. Finally, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Knowles presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.00.

Insider Activity

In related news, SVP Robert J. Perna sold 56,130 shares of Knowles stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $20.47, for a total transaction of $1,148,981.10. Following the completion of the sale, the senior vice president owned 66,552 shares of the company's stock, valued at approximately $1,362,319.44. The trade was a 45.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Air A. Jr. Bastarrica sold 10,000 shares of Knowles stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $20.94, for a total transaction of $209,400.00. Following the sale, the vice president directly owned 62,537 shares of the company's stock, valued at $1,309,524.78. The trade was a 13.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 2.54% of the company's stock.

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).