Mackenzie Financial Corp Has $1.41 Million Stock Position in Knowles Co. (NYSE:KN)

Mackenzie Financial Corp raised its stake in Knowles Co. (NYSE:KN) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,719 shares of the communications equipment provider’s stock after buying an additional 16,225 shares during the period. Mackenzie Financial Corp owned 0.09% of Knowles worth $1,410,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KN. Asset Management One Co. Ltd. bought a new position in shares of Knowles during the third quarter valued at $114,000. Moors & Cabot Inc. raised its stake in shares of Knowles by 34.1% during the third quarter. Moors & Cabot Inc. now owns 13,975 shares of the communications equipment provider’s stock valued at $207,000 after acquiring an additional 3,550 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Knowles during the third quarter valued at $244,000. Teza Capital Management LLC raised its stake in shares of Knowles by 58.8% during the third quarter. Teza Capital Management LLC now owns 17,660 shares of the communications equipment provider’s stock valued at $262,000 after acquiring an additional 6,537 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of Knowles during the third quarter valued at $283,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Price Performance

Shares of NYSE KN opened at $16.14 on Thursday. Knowles Co. has a twelve month low of $12.78 and a twelve month high of $18.48. The firm has a fifty day simple moving average of $15.99 and a 200 day simple moving average of $16.02. The company has a market capitalization of $1.45 billion, a PE ratio of 20.43 and a beta of 1.49. The company has a quick ratio of 1.41, a current ratio of 2.61 and a debt-to-equity ratio of 0.22.

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

Analyst Upgrades and Downgrades

KN has been the subject of several analyst reports. TheStreet raised shares of Knowles from a “d+” rating to a “c-” rating in a research note on Tuesday, January 2nd. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a research note on Friday, February 16th.

Insiders Place Their Bets

In other Knowles news, SVP Raymond D. Cabrera sold 10,300 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $16.90, for a total value of $174,070.00. Following the completion of the sale, the senior vice president now directly owns 94,870 shares in the company, valued at $1,603,303. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.65% of the company’s stock.

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).