Counterpoint Mutual Funds LLC Purchases New Position in Knowles Co. (NYSE:KN)

Counterpoint Mutual Funds LLC purchased a new stake in Knowles Co. (NYSE:KN) in the 4th quarter, HoldingsChannel reports. The firm purchased 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 modified their holdings of the business. Franklin Resources Inc. increased its stake 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 valued at $169,135,000 after purchasing an additional 265,814 shares in the last quarter. Pacer Advisors Inc. increased 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 in the last quarter. Wellington Management Group LLP increased 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 in the last quarter. JPMorgan Chase & Co. increased its stake 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 buying an additional 191,383 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 7,658 shares in the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on KN shares. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Craig Hallum lowered Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research note on Friday, February 14th.

Knowles Price Performance

KN stock opened at $16.21 on Tuesday. 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 simple moving average of $18.25 and a 200-day simple moving average of $18.36. The firm has a market capitalization of $1.42 billion, a PE ratio of -6.12 and a beta of 1.42. Knowles Co. has a 1 year low of $15.00 and a 1 year high of $20.86.

Knowles (NYSE:KN) last posted its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

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).