KLP Kapitalforvaltning AS Takes $383,000 Position in Knowles Co. (NYSE:KN)

KLP Kapitalforvaltning AS acquired a new position in shares of Knowles Co. (NYSE:KN) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 19,200 shares of the communications equipment provider’s stock, valued at approximately $383,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. raised its holdings in Knowles by 2.8% in the fourth quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider’s stock worth $8,542,000 after purchasing an additional 11,510 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Knowles by 34.9% during the 4th quarter. American Century Companies Inc. now owns 149,152 shares of the communications equipment provider’s stock worth $2,973,000 after acquiring an additional 38,603 shares in the last quarter. Teacher Retirement System of Texas lifted its position in Knowles by 97.2% during the fourth quarter. Teacher Retirement System of Texas now owns 96,279 shares of the communications equipment provider’s stock valued at $1,919,000 after acquiring an additional 47,462 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Knowles by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,226,761 shares of the communications equipment provider’s stock valued at $44,379,000 after acquiring an additional 54,404 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new stake in Knowles in the fourth quarter valued at approximately $463,000. Institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Craig Hallum lowered Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a report on Friday, February 14th. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

Knowles Trading Down 5.4 %

Shares of Knowles stock opened at $12.74 on Friday. The firm’s 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $18.17. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -4.81 and a beta of 1.42. Knowles Co. has a 12-month low of $12.24 and a 12-month high of $20.86. 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 (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 analysts’ consensus estimates of $0.23 by ($0.01). The company had revenue of $142.50 million for the quarter. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%.

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).