Natixis Advisors LLC Has $605,000 Stock Position in Knowles Co. (NYSE:KN)

Natixis Advisors LLC lessened its stake in Knowles Co. (NYSE:KN) by 9.9% in the 4th quarter, HoldingsChannel reports. The fund owned 30,360 shares of the communications equipment provider’s stock after selling 3,347 shares during the quarter. Natixis Advisors LLC’s holdings in Knowles were worth $605,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KN. Madison Investment Advisors LLC bought a new stake in shares of Knowles during the fourth quarter worth $2,488,000. EverSource Wealth Advisors LLC raised its holdings in Knowles by 46.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 669 shares during the last quarter. Amundi lifted its position in Knowles by 50.4% during the 4th quarter. Amundi now owns 77,351 shares of the communications equipment provider’s stock valued at $1,542,000 after purchasing an additional 25,927 shares during the period. Vestmark Advisory Solutions Inc. bought a new position in shares of Knowles in the 4th quarter valued at about $233,000. Finally, Raymond James Financial Inc. bought a new position in shares of Knowles in the 4th quarter valued at about $16,297,000. 96.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Craig Hallum downgraded 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.

Knowles Stock Performance

Shares of NYSE:KN opened at $15.94 on Friday. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -6.02 and a beta of 1.42. The firm’s 50 day simple moving average is $17.66 and its 200 day simple moving average is $18.27. 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 Co. has a fifty-two week low of $15.13 and a fifty-two week high of $20.86.

Knowles (NYSE:KN) last announced its quarterly earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share 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 firm had revenue of $142.50 million for the quarter.

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).