Knowles Co. (NYSE:KN) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Knowles Co. (NYSE:KN) by 21.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,445 shares of the communications equipment provider’s stock after purchasing an additional 5,825 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Knowles were worth $647,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in Knowles by 340.0% during the third quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider’s stock worth $2,622,000 after buying an additional 112,354 shares during the period. Franklin Resources Inc. increased its holdings in Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock valued at $169,135,000 after purchasing an additional 265,814 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Knowles by 10.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider’s stock valued at $36,986,000 after purchasing an additional 191,383 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in Knowles in the fourth quarter valued at approximately $194,000. Finally, Nordea Investment Management AB lifted its stake in Knowles by 4.7% during the fourth quarter. Nordea Investment Management AB now owns 410,843 shares of the communications equipment provider’s stock worth $8,258,000 after purchasing an additional 18,439 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Stock Up 2.8 %

Shares of NYSE KN opened at $16.45 on Friday. The stock has a market cap of $1.44 billion, a P/E ratio of -6.21 and a beta of 1.41. The business’s fifty day simple moving average is $15.40 and its 200-day simple moving average is $17.75. Knowles Co. has a 12-month low of $12.19 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 posted its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The company had revenue of $132.20 million for the quarter, compared to analyst estimates of $128.95 million. During the same quarter last year, the company earned $0.18 EPS. Knowles’s revenue for the quarter was down .8% compared to the same quarter last year.

Analyst Upgrades and Downgrades

KN has been the topic of several research analyst reports. Craig Hallum upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Monday, April 7th. Robert W. Baird boosted their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Finally, StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th.

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).