Knowles Co. (NYSE:KN) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC cut its stake in Knowles Co. (NYSE:KN - Free Report) by 32.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 370,683 shares of the communications equipment provider's stock after selling 180,133 shares during the period. Nuveen Asset Management LLC owned about 0.42% of Knowles worth $7,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KN. Quadrant Capital Group LLC grew its position in shares of Knowles by 4.3% during the fourth quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider's stock worth $287,000 after acquiring an additional 588 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider's stock valued at $42,000 after buying an additional 669 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider's stock worth $69,000 after buying an additional 1,449 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Knowles by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,477 shares of the communications equipment provider's stock valued at $986,000 after acquiring an additional 1,844 shares during the last quarter. Finally, KBC Group NV lifted its position in 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. Institutional investors and hedge funds own 96.35% of the company's stock.

Analyst Upgrades and Downgrades

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

Knowles Trading Up 2.3%

Shares of KN stock traded up $0.38 during mid-day trading on Tuesday, hitting $16.62. 357,930 shares of the company's stock were exchanged, compared to its average volume of 684,644. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -6.27 and a beta of 1.40. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. Knowles Co. has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The stock has a 50-day simple moving average of $15.56 and a two-hundred day simple moving average of $17.53.

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

Insider Activity at Knowles

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

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).