Mackenzie Financial Corp Acquires 16,225 Shares of Knowles Co. (NYSE:KN)

Mackenzie Financial Corp raised its position in shares of Knowles Co. (NYSE:KN) by 26.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,719 shares of the communications equipment provider’s stock after buying an additional 16,225 shares during the period. Mackenzie Financial Corp’s holdings in Knowles were worth $1,410,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in Knowles by 81.9% during the 4th quarter. Nordea Investment Management AB now owns 339,021 shares of the communications equipment provider’s stock valued at $6,096,000 after buying an additional 152,626 shares during the period. Assenagon Asset Management S.A. purchased a new stake in Knowles during the 4th quarter valued at $4,083,000. Dark Forest Capital Management LP boosted its position in Knowles by 477.5% during the 3rd quarter. Dark Forest Capital Management LP now owns 61,380 shares of the communications equipment provider’s stock valued at $909,000 after buying an additional 50,751 shares during the period. Schroder Investment Management Group lifted its position in shares of Knowles by 8.1% in the 3rd quarter. Schroder Investment Management Group now owns 762,230 shares of the communications equipment provider’s stock worth $11,289,000 after purchasing an additional 56,844 shares during the period. Finally, Swiss National Bank lifted its position in shares of Knowles by 1.0% in the 3rd quarter. Swiss National Bank now owns 200,900 shares of the communications equipment provider’s stock worth $2,975,000 after purchasing an additional 2,000 shares during the period. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Wall Street Analyst Weigh In

KN has been the subject of several research analyst reports. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. TheStreet raised shares of Knowles from a “d+” rating to a “c-” rating in a research report on Tuesday, January 2nd.

Knowles Trading Up 1.0 %

NYSE:KN opened at $16.14 on Thursday. The company has a 50-day moving average price of $15.99 and a 200-day moving average price of $16.02. Knowles Co. has a 12 month low of $12.78 and a 12 month high of $18.48. The company has a current ratio of 2.61, a quick ratio of 1.41 and a debt-to-equity ratio of 0.22. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 20.43 and a beta of 1.49.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Knowles had a net margin of 10.23% and a return on equity of 5.28%. The company had revenue of $215.20 million during the quarter.

Insider Activity at Knowles

In related news, SVP Raymond D. Cabrera sold 10,300 shares of Knowles stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total transaction of $174,070.00. Following the completion of the transaction, the senior vice president now directly owns 94,870 shares of the company’s stock, valued at approximately $1,603,303. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.65% of the stock is currently owned by corporate insiders.

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).