Knowles Co. (NYSE:KN) Shares Purchased by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Knowles Co. (NYSE:KN) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,226,761 shares of the communications equipment provider’s stock after acquiring an additional 54,404 shares during the period. William Blair Investment Management LLC’s holdings in Knowles were worth $44,379,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Counterpoint Mutual Funds LLC acquired a new position in Knowles during the fourth quarter worth $463,000. Royce & Associates LP grew its holdings in Knowles by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider’s stock worth $24,425,000 after acquiring an additional 355,401 shares during the period. Madison Investment Advisors LLC acquired a new position in Knowles during the fourth quarter worth $2,488,000. EverSource Wealth Advisors LLC grew its holdings in Knowles by 46.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 669 shares during the period. Finally, Amundi grew its holdings in Knowles by 50.4% during the fourth quarter. Amundi now owns 77,351 shares of the communications equipment provider’s stock worth $1,542,000 after acquiring an additional 25,927 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Stock Up 1.2 %

KN opened at $16.21 on Tuesday. The business’s fifty day moving average is $18.25 and its two-hundred day moving average is $18.36. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -6.12 and a beta of 1.42. Knowles Co. has a one year low of $15.00 and a one year high of $20.86.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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 Upgrades and Downgrades

A number of research firms have commented on KN. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a research report on Friday, February 14th. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

About Knowles

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).