Paloma Partners Management Co boosted its holdings in shares of Knowles Corp (NYSE:KN) by 234.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,129 shares of the communications equipment provider’s stock after acquiring an additional 56,867 shares during the period. Paloma Partners Management Co owned approximately 0.09% of Knowles worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of KN. Assetmark Inc. lifted its holdings in shares of Knowles by 222.6% in the fourth quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock valued at $119,000 after purchasing an additional 5,618 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Knowles in the fourth quarter valued at about $170,000. Investors Research Corp bought a new stake in shares of Knowles in the fourth quarter valued at about $216,000. Landscape Capital Management L.L.C. bought a new stake in shares of Knowles in the fourth quarter valued at about $267,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Knowles by 55.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 18,736 shares of the communications equipment provider’s stock valued at $286,000 after purchasing an additional 6,717 shares in the last quarter.
A number of analysts have recently commented on the company. Lake Street Capital restated a “buy” rating and issued a $20.00 price target on shares of Knowles in a report on Monday, November 20th. Piper Jaffray Companies started coverage on Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 target price on the stock. Zacks Investment Research downgraded Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $17.00 target price (down previously from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Knowles has a consensus rating of “Hold” and a consensus price target of $18.08.
Shares of Knowles Corp (NYSE KN) opened at $13.93 on Friday. The company has a quick ratio of 1.78, a current ratio of 2.60 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $1,246.62, a PE ratio of 19.62, a P/E/G ratio of 1.85 and a beta of 0.79. Knowles Corp has a 12-month low of $13.10 and a 12-month high of $19.90.
Knowles (NYSE:KN) last released its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The business had revenue of $215.50 million for the quarter, compared to the consensus estimate of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. Knowles’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 earnings per share. research analysts expect that Knowles Corp will post 0.75 EPS for the current year.
In related news, Director Didier Hirsch bought 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were acquired at an average price of $14.45 per share, with a total value of $43,350.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 8,009 shares of company stock worth $114,693. 2.20% of the stock is owned by company insiders.
Knowles Company Profile
Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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