Susquehanna Fundamental Investments LLC Purchases Shares of 118,709 Knowles Co. (NYSE:KN)

Susquehanna Fundamental Investments LLC acquired a new position in shares of Knowles Co. (NYSE:KN - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 118,709 shares of the communications equipment provider's stock, valued at approximately $2,366,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Knowles as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Knowles during the fourth quarter valued at $16,297,000. Rhumbline Advisers grew its stake in Knowles by 1.9% during the 4th quarter. Rhumbline Advisers now owns 275,317 shares of the communications equipment provider's stock valued at $5,487,000 after acquiring an additional 5,019 shares in the last quarter. Barclays PLC increased its holdings in shares of Knowles by 340.0% in the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider's stock valued at $2,622,000 after purchasing an additional 112,354 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Knowles by 2.9% during the third quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider's stock worth $169,135,000 after purchasing an additional 265,814 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Knowles by 2.8% during the fourth quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider's stock worth $8,542,000 after purchasing an additional 11,510 shares during the period. 96.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on KN shares. StockNews.com lowered shares of Knowles from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Craig Hallum upgraded 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. Finally, Robert W. Baird lifted their price objective on Knowles from $18.00 to $22.00 and gave the company an "outperform" rating in a research report on Friday, April 25th.

Knowles Stock Down 0.6 %

KN traded down $0.10 during midday trading on Monday, hitting $16.32. 126,269 shares of the company's stock traded hands, compared to its average volume of 815,336. 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 PE ratio of -6.16 and a beta of 1.41. The stock's fifty day simple moving average is $15.40 and its 200-day simple moving average is $17.75. Knowles Co. has a one year low of $12.19 and a one year high of $20.85.

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 for the quarter, meeting analysts' consensus estimates of $0.18. The business had revenue of $132.20 million for the quarter, compared to the consensus estimate 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 last year, the firm earned $0.18 EPS.

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).