10,067 Shares in Knowles Co. (NYSE:KN) Purchased by FourThought Financial Partners LLC

FourThought Financial Partners LLC acquired a new position in shares of Knowles Co. (NYSE:KN) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,067 shares of the communications equipment provider’s stock, valued at approximately $201,000.

Several other hedge funds have also recently bought and sold shares of KN. Blue Trust Inc. raised its holdings in shares of Knowles by 114.6% during the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after buying an additional 1,069 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Knowles during the third quarter worth $52,000. KBC Group NV lifted its stake 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 acquiring an additional 1,947 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Knowles by 10.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock valued at $167,000 after acquiring an additional 845 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Knowles during the 4th quarter valued at $194,000. 96.35% of the stock is owned by institutional investors.

Knowles Stock Performance

Shares of Knowles stock opened at $17.02 on Thursday. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -6.42 and a beta of 1.42. 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 twelve month low of $15.00 and a twelve month high of $20.85. The company’s fifty day moving average is $19.22 and its 200 day moving average is $18.51.

Knowles (NYSE:KN) last released its quarterly earnings results 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). Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The company had revenue of $142.50 million during the quarter.

Analyst Ratings Changes

KN has been the subject of several research reports. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price 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 note on Monday, February 17th.

Knowles Company 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).