Duality Advisers LP Has $332,000 Stake in Knowles Co. (NYSE:KN)

Duality Advisers LP reduced its position in Knowles Co. (NYSE:KN) by 16.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 18,529 shares of the communications equipment provider’s stock after selling 3,751 shares during the period. Duality Advisers LP’s holdings in Knowles were worth $332,000 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. SG Americas Securities LLC grew its stake in shares of Knowles by 129.9% during the third quarter. SG Americas Securities LLC now owns 45,988 shares of the communications equipment provider’s stock worth $681,000 after purchasing an additional 25,986 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Knowles during the third quarter worth $114,000. Bank of New York Mellon Corp grew its stake in shares of Knowles by 12.9% during the third quarter. Bank of New York Mellon Corp now owns 1,938,048 shares of the communications equipment provider’s stock worth $28,702,000 after purchasing an additional 220,911 shares during the period. Strs Ohio lifted its holdings in Knowles by 18.8% during the third quarter. Strs Ohio now owns 53,600 shares of the communications equipment provider’s stock worth $793,000 after acquiring an additional 8,500 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Knowles by 18.2% during the third quarter. Inspire Investing LLC now owns 20,596 shares of the communications equipment provider’s stock worth $305,000 after acquiring an additional 3,177 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Stock Performance

Shares of Knowles stock opened at $16.03 on Friday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 20.29 and a beta of 1.49. The stock’s 50-day moving average is $15.97 and its 200-day moving average is $16.03. Knowles Co. has a one year low of $12.78 and a one year high of $18.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.61 and a quick ratio of 1.41.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The company had revenue of $215.20 million for the quarter. Knowles had a return on equity of 5.28% and a net margin of 10.23%.

Analyst Ratings Changes

Several research analysts have weighed in on KN shares. TheStreet upgraded Knowles from a “d+” rating to a “c-” rating in a report on Tuesday, January 2nd. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a report on Friday, February 16th.

Insider Activity at Knowles

In related news, SVP Raymond D. Cabrera sold 10,300 shares of Knowles stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $16.90, for a total value of $174,070.00. Following the sale, the senior vice president now owns 94,870 shares of the company’s stock, valued at $1,603,303. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.65% of the stock is owned by company insiders.

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).