Quantbot Technologies LP Sells 16,909 Shares of Knowles Co. (NYSE:KN)

Quantbot Technologies LP lessened its stake in Knowles Co. (NYSE:KN) by 86.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,714 shares of the communications equipment provider’s stock after selling 16,909 shares during the quarter. Quantbot Technologies LP’s holdings in Knowles were worth $54,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 669 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after buying an additional 1,449 shares during the last quarter. KBC Group NV grew its holdings in shares of Knowles by 66.6% in the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after acquiring an additional 1,947 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Knowles during the fourth quarter valued at approximately $194,000. Finally, FourThought Financial Partners LLC bought a new stake in Knowles during the fourth quarter worth $201,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KN shares. Craig Hallum lowered Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. 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 Price Performance

Shares of NYSE KN opened at $15.15 on Wednesday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of -5.72 and a beta of 1.42. The stock has a fifty day simple moving average of $17.35 and a two-hundred day simple moving average of $18.26. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. Knowles Co. has a 1-year low of $14.95 and a 1-year high of $20.86.

Knowles (NYSE:KN) last announced 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 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%.

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).