Diversified Trust Co bought a new position in Knowles Co. (NYSE:KN – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 19,379 shares of the communications equipment provider's stock, valued at approximately $336,000.
Several other institutional investors have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Knowles by 8.4% in the second quarter. State of Alaska Department of Revenue now owns 69,410 shares of the communications equipment provider's stock worth $1,202,000 after acquiring an additional 5,360 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Knowles during the first quarter worth approximately $170,000. Quantamental Technologies LLC acquired a new stake in shares of Knowles during the first quarter worth approximately $241,000. Quantbot Technologies LP acquired a new stake in shares of Knowles during the first quarter worth approximately $182,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Knowles by 65.5% during the first quarter. Captrust Financial Advisors now owns 3,003 shares of the communications equipment provider's stock worth $65,000 after purchasing an additional 1,188 shares during the period. 99.14% of the stock is owned by hedge funds and other institutional investors.
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Analyst Ratings Changes
Several analysts recently commented on KN shares. TheStreet cut shares of Knowles from a "c-" rating to a "d+" rating in a report on Monday, September 19th. StockNews.com cut shares of Knowles from a "buy" rating to a "hold" rating in a report on Thursday, August 4th. Finally, Roth Capital cut shares of Knowles from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $20.00 to $17.00 in a report on Wednesday, August 3rd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Knowles presently has a consensus rating of "Hold" and a consensus price target of $20.63.
Knowles Price Performance
NYSE KN opened at $12.62 on Friday. Knowles Co. has a 12-month low of $12.42 and a 12-month high of $23.81. The stock has a market capitalization of $1.16 billion, a PE ratio of -10.69 and a beta of 1.42. The company has a quick ratio of 1.27, a current ratio of 2.54 and a debt-to-equity ratio of 0.06. The company has a 50 day moving average price of $16.07 and a two-hundred day moving average price of $18.09.
Knowles (NYSE:KN – Get Rating) last released its quarterly earnings results on Tuesday, August 2nd. The communications equipment provider reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.01. Knowles had a negative net margin of 12.20% and a positive return on equity of 9.12%. The company had revenue of $188.00 million for the quarter, compared to analyst estimates of $200.00 million. As a group, equities analysts predict that Knowles Co. will post 0.97 earnings per share for the current fiscal year.
Knowles Profile
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Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).
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