Mackenzie Financial Corp Has $1.10 Million Holdings in Knowles Co. (NYSE:KN)

Mackenzie Financial Corp lowered its stake in Knowles Co. (NYSE:KN - Free Report) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 55,121 shares of the communications equipment provider's stock after selling 17,270 shares during the quarter. Mackenzie Financial Corp owned approximately 0.06% of Knowles worth $1,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake 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 acquiring an additional 669 shares during the last quarter. Sterling Capital Management LLC lifted its stake 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 acquiring an additional 2,448 shares during the last quarter. Blue Trust Inc. lifted its stake 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 acquiring an additional 1,449 shares during the last quarter. KBC Group NV raised its position in Knowles by 66.6% in the fourth 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 bought a new position in Knowles in the fourth quarter valued at about $201,000. Institutional investors own 96.35% of the company's stock.

Knowles Trading Up 2.1%

Shares of NYSE KN traded up $0.34 during midday trading on Tuesday, reaching $16.58. The stock had a trading volume of 185,448 shares, compared to its average volume of 770,607. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -6.25 and a beta of 1.40. Knowles Co. has a twelve month low of $12.19 and a twelve month high of $20.85. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The company's 50 day moving average price is $15.55 and its 200 day moving average price is $17.53.

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 (EPS) for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $132.20 million for the quarter, compared to analyst estimates of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. Knowles's revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share.

Insider Buying and Selling at Knowles

In related news, SVP Raymond D. Cabrera sold 5,545 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 represents a 4.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.54% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Knowles

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).