Blue Trust Inc. Has $69,000 Stock Position in Knowles Co. (NYSE:KN)

Blue Trust Inc. grew its stake in Knowles Co. (NYSE:KN) by 72.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,451 shares of the communications equipment provider’s stock after buying an additional 1,449 shares during the period. Blue Trust Inc.’s holdings in Knowles were worth $69,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Knowles in the third quarter worth about $52,000. CWM LLC lifted its position in shares of Knowles by 20.0% in the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after buying an additional 607 shares during the last quarter. KBC Group NV lifted its position in shares of Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after purchasing an additional 1,947 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Knowles during the 3rd quarter worth about $105,000. Finally, Asset Management One Co. Ltd. lifted its position in shares of Knowles by 10.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 9,276 shares of the communications equipment provider’s stock worth $167,000 after purchasing an additional 845 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Stock Down 1.4 %

NYSE KN opened at $17.59 on Monday. The firm has a market cap of $1.54 billion, a PE ratio of -6.64 and a beta of 1.42. Knowles Co. has a one year low of $15.00 and a one year high of $20.85. The stock’s 50 day simple moving average is $19.37 and its 200 day simple moving average is $18.52. 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 posted its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate 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.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on KN. Craig Hallum cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective for the company. in a research report on Friday, February 14th. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

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).