Yousif Capital Management LLC Sells 1,107 Shares of Knowles Co. (NYSE:KN)

Yousif Capital Management LLC lowered its position in shares of Knowles Co. (NYSE:KN) by 3.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,390 shares of the communications equipment provider’s stock after selling 1,107 shares during the period. Yousif Capital Management LLC’s holdings in Knowles were worth $665,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KN. Blue Trust Inc. increased its stake in shares of Knowles by 114.6% in the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 1,069 shares during the period. Meeder Asset Management Inc. acquired a new stake in Knowles during the 3rd quarter valued at approximately $52,000. CWM LLC raised its holdings in Knowles by 20.0% during the 3rd quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 607 shares during the last quarter. KBC Group NV lifted its position 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 worth $97,000 after purchasing an additional 1,947 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Knowles in the 3rd quarter valued at $105,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on KN. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a research report on Saturday, October 26th. Craig Hallum lowered 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. Finally, Susquehanna lowered their target price on Knowles from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, October 25th.

Knowles Price Performance

KN opened at $18.36 on Friday. Knowles Co. has a 1 year low of $15.00 and a 1 year high of $20.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of -7.84 and a beta of 1.42. The firm’s fifty day moving average price is $19.54 and its two-hundred day moving average price is $18.48.

Knowles (NYSE:KN) last posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.16% and a negative net margin of 27.53%.

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).