Knowles Co. (NYSE:KN) Stock Position Decreased by Private Harbour Investment Management & Counsel LLC

Private Harbour Investment Management & Counsel LLC cut its position in shares of Knowles Co. (NYSE:KN) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 26,934 shares of the communications equipment provider’s stock after selling 2,630 shares during the quarter. Private Harbour Investment Management & Counsel LLC’s holdings in Knowles were worth $537,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Knowles by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,561,358 shares of the communications equipment provider’s stock valued at $230,418,000 after acquiring an additional 82,827 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Knowles by 29.2% in the fourth quarter. LPL Financial LLC now owns 41,446 shares of the communications equipment provider’s stock valued at $826,000 after purchasing an additional 9,376 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Knowles in the fourth quarter worth $383,000. Sei Investments Co. grew its holdings in shares of Knowles by 2.8% during the fourth quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider’s stock valued at $8,542,000 after buying an additional 11,510 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Knowles by 34.9% during the fourth quarter. American Century Companies Inc. now owns 149,152 shares of the communications equipment provider’s stock valued at $2,973,000 after buying an additional 38,603 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KN shares. Craig Hallum downgraded shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Friday, February 14th. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

Knowles Trading Down 0.9 %

Shares of KN stock opened at $16.15 on Wednesday. Knowles Co. has a 12 month low of $15.13 and a 12 month high of $20.86. The business’s 50 day moving average is $17.82 and its two-hundred day moving average is $18.30. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.42 billion, a PE ratio of -6.09 and a beta of 1.42.

Knowles (NYSE:KN) last issued its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The business had revenue of $142.50 million during the quarter.

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).