Engineers Gate Manager LP reduced its position in shares of Knowles Corporation (NYSE:KN) by 82.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,074 shares of the communications equipment provider’s stock after selling 64,517 shares during the period. Engineers Gate Manager LP’s holdings in Knowles Corporation were worth $267,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of KN. Dimensional Fund Advisors LP increased its position in Knowles Corporation by 53.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,140,962 shares of the communications equipment provider’s stock valued at $35,776,000 after buying an additional 749,385 shares during the last quarter. Comerica Bank boosted its stake in Knowles Corporation by 3.6% in the fourth quarter. Comerica Bank now owns 78,776 shares of the communications equipment provider’s stock valued at $1,377,000 after buying an additional 2,751 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in Knowles Corporation by 2.0% in the fourth quarter. First Republic Investment Management Inc. now owns 51,830 shares of the communications equipment provider’s stock valued at $866,000 after buying an additional 1,001 shares during the last quarter. State Street Corp boosted its position in shares of Knowles Corporation by 1.9% in the fourth quarter. State Street Corp now owns 2,720,511 shares of the communications equipment provider’s stock worth $45,463,000 after buying an additional 50,566 shares in the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Knowles Corporation during the fourth quarter worth $238,000.
Knowles Corporation (NYSE KN) traded down 1.20% during mid-day trading on Friday, reaching $17.31. The company’s stock had a trading volume of 1,018,975 shares. The company’s market capitalization is $1.54 billion. Knowles Corporation has a one year low of $12.57 and a one year high of $19.90. The stock has a 50-day moving average price of $17.72 and a 200-day moving average price of $17.94.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $193.70 million during the quarter, compared to analyst estimates of $190 million. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. The business’s revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.08 EPS. Equities research analysts forecast that Knowles Corporation will post $1.00 EPS for the current year.
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A number of equities research analysts have recently weighed in on KN shares. BidaskClub lowered Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday. Dougherty & Co assumed coverage on Knowles Corporation in a research note on Thursday, June 8th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Zacks Investment Research cut Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $17.86.
About Knowles Corporation
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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