Rhumbline Advisers Buys 5,019 Shares of Knowles Co. (NYSE:KN)

Rhumbline Advisers lifted its stake in Knowles Co. (NYSE:KN) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 275,317 shares of the communications equipment provider’s stock after purchasing an additional 5,019 shares during the quarter. Rhumbline Advisers owned about 0.31% of Knowles worth $5,487,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after purchasing an additional 1,449 shares during the last quarter. KBC Group NV boosted its position in shares of Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after buying an additional 1,947 shares during the period. SG Americas Securities LLC grew its stake in shares of Knowles by 173.1% during the fourth quarter. SG Americas Securities LLC now owns 15,838 shares of the communications equipment provider’s stock valued at $316,000 after buying an additional 10,038 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Knowles in the fourth quarter worth approximately $311,000. Finally, Nordea Investment Management AB lifted its stake 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 worth $8,258,000 after acquiring an additional 18,439 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Knowles Trading Down 2.8 %

KN opened at $16.56 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of -6.25 and a beta of 1.42. Knowles Co. has a 12 month low of $15.00 and a 12 month high of $20.85. The stock has a fifty day moving average price of $19.16 and a 200-day moving average price of $18.50.

Knowles (NYSE:KN) last released its quarterly earnings results 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). The firm had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

Analyst Upgrades and Downgrades

KN has been the topic of several research analyst reports. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 14th. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

Knowles 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).