Voya Investment Management LLC Sells 27,523 Shares of Knowles Co. (NYSE:KN)

Voya Investment Management LLC reduced its holdings in shares of Knowles Co. (NYSE:KN) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 217,144 shares of the communications equipment provider’s stock after selling 27,523 shares during the period. Voya Investment Management LLC’s holdings in Knowles were worth $4,328,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC increased its stake in shares of Knowles by 340.0% in the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider’s stock worth $2,622,000 after purchasing an additional 112,354 shares in the last quarter. Franklin Resources Inc. grew its holdings in Knowles by 2.9% during the third 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 during the period. JPMorgan Chase & Co. increased its position in Knowles by 10.3% in the third 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. Central Pacific Bank Trust Division bought a new position in shares of Knowles in the fourth quarter worth about $194,000. Finally, Nordea Investment Management AB lifted its position in shares of Knowles by 4.7% during the 4th quarter. Nordea Investment Management AB now owns 410,843 shares of the communications equipment provider’s stock valued at $8,258,000 after buying an additional 18,439 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Knowles Trading Up 1.8 %

KN stock opened at $16.03 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. Knowles Co. has a 1-year low of $12.19 and a 1-year high of $20.86. The business has a 50 day simple moving average of $15.41 and a two-hundred day simple moving average of $17.76. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.05 and a beta of 1.41.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. The company had revenue of $132.20 million during the quarter, compared to analysts’ expectations of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. Knowles’s quarterly revenue was down .8% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share.

Analyst Ratings Changes

Several research firms recently issued reports on KN. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Thursday, April 24th. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, April 7th. Finally, Robert W. Baird upped their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, April 25th.

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).