23,252 Shares in Knowles Co. (NYSE:KN) Bought by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC bought a new position in shares of Knowles Co. (NYSE:KNFree Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 23,252 shares of the communications equipment provider’s stock, valued at approximately $463,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its stake in Knowles by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock worth $169,135,000 after buying an additional 265,814 shares during the last quarter. Pacer Advisors Inc. grew its stake in Knowles by 54,279.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,621,626 shares of the communications equipment provider’s stock worth $47,268,000 after buying an additional 2,616,805 shares during the last quarter. Wellington Management Group LLP grew its stake in Knowles by 33.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock worth $43,140,000 after buying an additional 594,484 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Knowles by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider’s stock worth $36,986,000 after acquiring an additional 191,383 shares during the period. Finally, Geode Capital Management LLC lifted its position in Knowles by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,018,615 shares of the communications equipment provider’s stock worth $36,403,000 after acquiring an additional 7,658 shares during the period. 96.35% of the stock is currently owned by hedge funds and other institutional investors.

Knowles Stock Performance

Shares of KN stock opened at $16.21 on Tuesday. The stock has a market cap of $1.42 billion, a PE ratio of -6.12 and a beta of 1.42. The business has a 50-day simple moving average of $18.25 and a 200-day simple moving average of $18.36. 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 52-week low of $15.00 and a 52-week high of $20.86.

Knowles (NYSE:KNGet Free Report) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The company had revenue of $142.50 million during the quarter. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Craig Hallum cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research report on Friday, February 14th. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

Check Out Our Latest Report on KN

Knowles Company Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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