Connor Clark & Lunn Investment Management Ltd. Sells 66,094 Shares of Knowles Co. (NYSE:KN)

Connor Clark & Lunn Investment Management Ltd. decreased its position in Knowles Co. (NYSE:KN) by 27.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,085 shares of the communications equipment provider’s stock after selling 66,094 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.20% of Knowles worth $3,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 669 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Knowles in the third quarter worth $52,000. Blue Trust Inc. grew its stake in shares of Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after buying an additional 1,449 shares during the last quarter. KBC Group NV increased its holdings in shares of Knowles by 66.6% in the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after buying an additional 1,947 shares during the period. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Knowles in the 4th quarter valued at about $194,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Craig Hallum cut 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 upgraded shares of Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

Knowles Trading Up 1.2 %

KN opened at $16.21 on Tuesday. Knowles Co. has a one year low of $15.00 and a one year high of $20.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The business has a 50 day simple moving average of $18.25 and a two-hundred day simple moving average of $18.36. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of -6.12 and a beta of 1.42.

Knowles (NYSE:KN) last announced its quarterly earnings results 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 business had revenue of $142.50 million during the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

Knowles 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).