Knowles Co. (NYSE:KN) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its position in shares of Knowles Co. (NYSE:KN) by 40.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,225,524 shares of the communications equipment provider’s stock after purchasing an additional 355,401 shares during the quarter. Royce & Associates LP’s holdings in Knowles were worth $24,425,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of KN. Franklin Resources Inc. grew its holdings in shares of Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock worth $169,135,000 after acquiring an additional 265,814 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Knowles by 54,279.3% in the third 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 period. Wellington Management Group LLP boosted its position in Knowles by 33.1% during the third quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock valued at $43,140,000 after purchasing an additional 594,484 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Knowles by 10.3% during the third quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider’s stock valued at $36,986,000 after purchasing an additional 191,383 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Knowles by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,018,615 shares of the communications equipment provider’s stock valued at $36,403,000 after purchasing an additional 7,658 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Price Performance

Shares of NYSE:KN opened at $16.01 on Monday. 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 business has a 50-day moving average of $18.34 and a two-hundred day moving average of $18.38. The stock has a market capitalization of $1.40 billion, a P/E ratio of -6.04 and a beta of 1.42. Knowles Co. has a fifty-two week low of $15.00 and a fifty-two week high of $20.86.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. 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.

Knowles 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).