Swiss National Bank Sells 1,300 Shares of Knowles Co. (NYSE:KN)

Swiss National Bank lessened its stake in shares of Knowles Co. (NYSE:KN) by 0.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,900 shares of the communications equipment provider’s stock after selling 1,300 shares during the period. Swiss National Bank’s holdings in Knowles were worth $3,466,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings 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. Dynamic Technology Lab Private Ltd lifted its position in Knowles by 4.3% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 17,985 shares of the communications equipment provider’s stock valued at $324,000 after acquiring an additional 748 shares in the last quarter. Blue Trust Inc. boosted its stake in Knowles by 72.4% during the 4th 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. National Bank of Canada FI increased its holdings in shares of Knowles by 2.2% in the 3rd quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider’s stock worth $1,194,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Virtus Investment Advisers Inc. raised its stake in shares of Knowles by 11.0% in the third quarter. Virtus Investment Advisers Inc. now owns 18,100 shares of the communications equipment provider’s stock worth $326,000 after purchasing an additional 1,800 shares during the last quarter. 96.35% of the stock is owned by institutional investors.

Knowles Price Performance

Shares of KN opened at $16.06 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of -6.06 and a beta of 1.42. Knowles Co. has a 1-year low of $15.13 and a 1-year 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. The firm has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $18.29.

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

Wall Street Analysts Forecast Growth

Several research firms recently commented on KN. Craig Hallum cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Friday, February 14th. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

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).