Knowles Co. (NYSE:KN) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lowered its stake in shares of Knowles Co. (NYSE:KN - Free Report) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 217,144 shares of the communications equipment provider's stock after selling 27,523 shares during the period. Voya Investment Management LLC owned 0.25% of Knowles worth $4,328,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in 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 purchasing an additional 669 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of Knowles by 835.5% in the fourth 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 period. Blue Trust Inc. boosted its position in Knowles by 72.4% during the 4th 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 period. KBC Group NV grew its position in shares of Knowles by 66.6% in the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider's stock valued at $97,000 after buying an additional 1,947 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Knowles during the 4th quarter worth approximately $194,000. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Stock Down 0.6 %

KN stock traded down $0.11 on Tuesday, reaching $16.22. 195,684 shares of the company traded hands, compared to its average volume of 814,414. The company has a market cap of $1.42 billion, a P/E ratio of -6.12 and a beta of 1.41. The firm has a fifty day simple moving average of $15.38 and a 200-day simple moving average of $17.74. Knowles Co. has a one year low of $12.19 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23.

Knowles (NYSE:KN - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $132.20 million for the quarter, compared to analysts' expectations of $128.95 million. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The business's quarterly revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KN shares. 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 report on Friday, April 25th. StockNews.com cut Knowles from a "buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Craig Hallum raised 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.

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).