Lazard Asset Management LLC Has $1.55 Million Holdings in Knowles Co. (NYSE:KN)

Lazard Asset Management LLC trimmed its holdings in shares of Knowles Co. (NYSE:KN - Free Report) by 18.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,635 shares of the communications equipment provider's stock after selling 17,259 shares during the period. Lazard Asset Management LLC owned approximately 0.09% of Knowles worth $1,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Knowles by 46.9% during the fourth 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 in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Knowles by 835.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider's stock valued at $55,000 after acquiring an additional 2,448 shares in the last quarter. Blue Trust Inc. grew 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 valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. KBC Group NV increased its stake in shares of Knowles by 66.6% in the fourth 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 last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in shares of Knowles during the fourth quarter worth $201,000. 96.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 5,545 shares of the company's stock in a transaction dated 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. This represents a 4.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.54% of the company's stock.

Knowles Stock Down 0.2%

NYSE:KN traded down $0.03 during trading hours on Thursday, reaching $16.44. The company's stock had a trading volume of 502,910 shares, compared to its average volume of 686,519. 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 cap of $1.43 billion, a price-to-earnings ratio of -6.20 and a beta of 1.40. Knowles Co. has a one year low of $12.19 and a one year high of $20.86. The business's 50-day moving average is $15.52 and its 200-day moving average is $17.67.

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

Analysts Set New Price Targets

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

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).