Tower Research Capital LLC TRC Cuts Position in Knowles Co. (NYSE:KN)

Tower Research Capital LLC TRC lessened its stake in Knowles Co. (NYSE:KN) by 78.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,856 shares of the communications equipment provider’s stock after selling 10,546 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Knowles were worth $57,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after acquiring an additional 669 shares during the last quarter. Sterling Capital Management LLC boosted its stake in shares of Knowles by 835.5% during the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 2,448 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after purchasing an additional 1,449 shares during the last quarter. KBC Group NV boosted its stake 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. Finally, FourThought Financial Partners LLC acquired a new stake in shares of Knowles during the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Knowles Stock Performance

NYSE:KN opened at $16.42 on Monday. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of -6.20 and a beta of 1.40. The firm’s fifty day simple moving average is $15.39 and its 200 day simple moving average is $17.71. Knowles Co. has a twelve month low of $12.19 and a twelve month high of $20.86.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The firm had revenue of $132.20 million for the quarter, compared to the consensus estimate of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The firm’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS.

Analysts Set New Price Targets

KN has been the topic of several analyst reports. Craig Hallum raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, April 7th. StockNews.com cut shares of Knowles from a “buy” rating to a “hold” rating in a research note on Thursday, April 24th. Finally, Robert W. Baird raised their price target on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th.

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).