Eagle Asset Management Inc. Purchases New Shares in Knowles Co. (NYSE:KN)

Eagle Asset Management Inc. purchased a new stake in Knowles Co. (NYSE:KNFree Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 213,961 shares of the communications equipment provider’s stock, valued at approximately $3,832,000. Eagle Asset Management Inc. owned 0.24% of Knowles at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new stake in shares of Knowles during the 4th quarter valued at $25,000. Lindbrook Capital LLC lifted its position in shares of Knowles by 202.6% during the 4th quarter. Lindbrook Capital LLC now owns 1,613 shares of the communications equipment provider’s stock valued at $29,000 after acquiring an additional 1,080 shares during the period. Parallel Advisors LLC lifted its position in shares of Knowles by 217.0% during the 4th quarter. Parallel Advisors LLC now owns 2,311 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 1,582 shares during the last quarter. Signaturefd LLC lifted its position in shares of Knowles by 33.0% during the 4th quarter. Signaturefd LLC now owns 4,938 shares of the communications equipment provider’s stock worth $88,000 after buying an additional 1,224 shares during the last quarter. Finally, Commerce Bank bought a new stake in shares of Knowles during the 4th quarter worth $181,000. 96.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Report on Knowles

Knowles Price Performance

Shares of KN opened at $17.23 on Wednesday. Knowles Co. has a 12-month low of $12.78 and a 12-month high of $18.48. The business has a 50-day simple moving average of $16.55 and a two-hundred day simple moving average of $16.57. The company has a quick ratio of 1.55, a current ratio of 2.75 and a debt-to-equity ratio of 0.24. The stock has a market cap of $1.55 billion, a PE ratio of 19.58 and a beta of 1.45.

Knowles (NYSE:KNGet Free Report) last issued its earnings results on Wednesday, May 1st. The communications equipment provider reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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.

Insiders Place Their Bets

In other news, Director Keith Barnes sold 5,186 shares of the stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $17.45, for a total value of $90,495.70. Following the completion of the sale, the director now owns 92,917 shares of the company’s stock, valued at $1,621,401.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.57% of the company’s stock.

About Knowles

(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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