Knowles Co. (NYSE:KN) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lessened its holdings in shares of Knowles Co. (NYSE:KN) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,834 shares of the communications equipment provider’s stock after selling 7,987 shares during the period. Keeley Teton Advisors LLC’s holdings in Knowles were worth $1,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in 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 purchasing an additional 82,827 shares during the last quarter. Franklin Resources Inc. increased its position in Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock valued at $169,135,000 after acquiring an additional 265,814 shares during the period. Wellington Management Group LLP raised its stake in Knowles by 4.5% during the 4th quarter. Wellington Management Group LLP now owns 2,499,431 shares of the communications equipment provider’s stock valued at $49,814,000 after acquiring an additional 106,763 shares in the last quarter. William Blair Investment Management LLC raised its stake in Knowles by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,226,761 shares of the communications equipment provider’s stock valued at $44,379,000 after acquiring an additional 54,404 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Knowles by 10.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,051,346 shares of the communications equipment provider’s stock worth $36,986,000 after acquiring an additional 191,383 shares during the period. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Knowles Stock Down 1.0 %

NYSE KN opened at $14.47 on Wednesday. Knowles Co. has a 12 month low of $12.19 and a 12 month high of $20.86. The company has a market capitalization of $1.27 billion, a P/E ratio of -5.46 and a beta of 1.41. The company’s 50 day simple moving average is $16.11 and its 200 day simple moving average is $17.95. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23.

Knowles (NYSE:KN) last issued its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $142.50 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on KN shares. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a research note on Wednesday. Craig Hallum raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, April 7th.

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).