Teacher Retirement System of Texas Purchases New Shares in Knowles Co. (NYSE:KN)

Teacher Retirement System of Texas purchased a new stake in shares of Knowles Co. (NYSE:KNFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 17,576 shares of the communications equipment provider’s stock, valued at approximately $315,000.

Several other hedge funds also recently made changes to their positions in KN. Vanguard Group Inc. raised its stake in Knowles by 3.6% during the third quarter. Vanguard Group Inc. now owns 11,991,982 shares of the communications equipment provider’s stock valued at $177,601,000 after buying an additional 419,939 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Knowles by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,183,381 shares of the communications equipment provider’s stock worth $21,194,000 after purchasing an additional 27,075 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Knowles by 8.1% in the third 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 last quarter. Heartland Advisors Inc. raised its stake in shares of Knowles by 34.8% in the third quarter. Heartland Advisors Inc. now owns 703,775 shares of the communications equipment provider’s stock worth $11,516,000 after purchasing an additional 181,854 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Knowles by 220.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 684,057 shares of the communications equipment provider’s stock worth $12,251,000 after purchasing an additional 470,376 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors.

Knowles Stock Performance

Shares of KN opened at $17.29 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.75 and a quick ratio of 1.55. Knowles Co. has a one year low of $12.78 and a one year high of $18.48. The firm has a market capitalization of $1.55 billion, a P/E ratio of 19.64 and a beta of 1.47. The business has a fifty day moving average of $16.35 and a 200 day moving average of $16.52.

Knowles (NYSE:KNGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The communications equipment provider reported $0.07 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.06). Knowles had a return on equity of 5.98% and a net margin of 10.54%. The firm had revenue of $196.40 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a report on Friday, February 16th.

Read Our Latest Analysis on KN

Knowles Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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