MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Increases Stake in Knowles Co. (NYSE:KN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Knowles Co. (NYSE:KN) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,477 shares of the communications equipment provider’s stock after purchasing an additional 1,844 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Knowles worth $986,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its stake in shares of Knowles by 46.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 669 shares during the last quarter. Sterling Capital Management LLC increased its stake in Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 2,448 shares during the period. Blue Trust Inc. lifted its position in Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after purchasing an additional 1,449 shares during the last quarter. KBC Group NV boosted its stake in shares of Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after purchasing an additional 1,947 shares during the period. Finally, FourThought Financial Partners LLC bought a new position in shares of Knowles in the fourth quarter worth approximately $201,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on KN shares. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, April 7th. Robert W. Baird increased their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, Wall Street Zen cut Knowles from a “buy” rating to a “hold” rating in a research note on Saturday.

Knowles Stock Performance

Shares of KN stock opened at $16.21 on Monday. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.12 and a beta of 1.40. The stock has a fifty day moving average of $15.52 and a 200 day moving average of $17.63. Knowles Co. has a 52 week low of $12.19 and a 52 week high of $20.86. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm had revenue of $132.20 million during the quarter, compared to analysts’ expectations of $128.95 million. During the same period last year, the company posted $0.18 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year.

Insider Buying and Selling at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of the business’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $17.25, for a total transaction of $95,651.25. Following the sale, the senior vice president now owns 111,286 shares in the company, valued at approximately $1,919,683.50. The trade was a 4.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.54% of the company’s stock.

Knowles Company Profile

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).