Knowles Co. (NYSE:KN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its stake in Knowles Co. (NYSE:KN) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 254,195 shares of the communications equipment provider’s stock after selling 5,496 shares during the quarter. Legal & General Group Plc owned about 0.29% of Knowles worth $5,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in shares of Knowles by 46.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after buying an additional 669 shares during the period. Blue Trust Inc. grew its position in 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 acquiring an additional 1,449 shares during the period. KBC Group NV increased its stake in Knowles by 66.6% during the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after acquiring an additional 1,947 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Knowles in the 4th quarter worth about $194,000. Finally, FourThought Financial Partners LLC acquired a new position in shares of Knowles in the 4th quarter valued at about $201,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on KN shares. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a research report on Wednesday, April 16th. Craig Hallum raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, April 7th.

Knowles Price Performance

Shares of NYSE KN opened at $14.27 on Tuesday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -5.38 and a beta of 1.41. 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 1-year low of $12.19 and a 1-year high of $20.86. The business has a 50-day moving average of $15.80 and a 200-day moving average of $17.87.

Knowles (NYSE:KN) last released 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). The company 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 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).