Nationwide Fund Advisors increased its stake in shares of Knowles Corp. (NYSE:KN) by 2.7% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 208,125 shares of the company’s stock after buying an additional 5,531 shares during the period. Nationwide Fund Advisors owned approximately 0.23% of Knowles Corp. worth $2,847,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Knowles Corp. by 1.5% in the first quarter. State Street Corp now owns 2,820,445 shares of the company’s stock worth $37,175,000 after buying an additional 42,585 shares during the period. BB&T Securities LLC boosted its stake in shares of Knowles Corp. by 26.7% in the first quarter. BB&T Securities LLC now owns 106,312 shares of the company’s stock worth $1,401,000 after buying an additional 22,379 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in shares of Knowles Corp. during the first quarter worth $322,000. Spark Investment Management LLC boosted its stake in shares of Knowles Corp. by 8.3% in the first quarter. Spark Investment Management LLC now owns 275,500 shares of the company’s stock worth $3,631,000 after buying an additional 21,000 shares during the period. Finally, Royce & Associates LP boosted its stake in shares of Knowles Corp. by 65.4% in the first quarter. Royce & Associates LP now owns 339,077 shares of the company’s stock worth $4,469,000 after buying an additional 134,077 shares during the period.
Knowles Corp. (NYSE:KN) traded down 0.84% during trading on Friday, hitting $14.20. 307,425 shares of the stock traded hands. The stock’s market cap is $1.26 billion. The firm’s 50-day moving average is $14.05 and its 200 day moving average is $13.93. Knowles Corp. has a 52 week low of $9.68 and a 52 week high of $21.91.
Knowles Corp. (NYSE:KN) last issued its earnings results on Tuesday, July 26th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm earned $190.30 million during the quarter, compared to analysts’ expectations of $189.88 million. Knowles Corp. had a positive return on equity of 4.04% and a negative net margin of 26.09%. Knowles Corp.’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $0.08 earnings per share. Equities research analysts forecast that Knowles Corp. will post $0.84 earnings per share for the current fiscal year.
A number of analysts have weighed in on KN shares. JPMorgan Chase & Co. started coverage on shares of Knowles Corp. in a report on Tuesday, September 6th. They set a “neutral” rating and a $15.00 target price on the stock. Susquehanna began coverage on shares of Knowles Corp. in a research report on Tuesday, September 20th. They set a “negative” rating and a $12.00 price target for the company. Zacks Investment Research lowered shares of Knowles Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Roth Capital began coverage on shares of Knowles Corp. in a research report on Thursday, September 29th. They set a “buy” rating and a $16.00 price target for the company. Finally, Benchmark Co. began coverage on shares of Knowles Corp. in a research report on Wednesday, June 29th. They set a “hold” rating and a $15.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $16.18.
In related news, VP Thomas G. Jackson sold 3,764 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $13.42, for a total value of $50,512.88. Following the completion of the transaction, the vice president now directly owns 32,059 shares of the company’s stock, valued at $430,231.78. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.49% of the stock is owned by corporate insiders.
Knowles Corp. Company Profile
Knowles Corporation is a supplier of advanced micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. It uses micro-electro-mechanical systems (MEMS) microphones and audio processing technologies to optimize audio systems and develop the user experience in smartphones, tablets and wearables.
Want to see what other hedge funds are holding KN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knowles Corp. (NYSE:KN).
Receive News & Ratings for Knowles Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles Corp. and related companies with MarketBeat.com's FREE daily email newsletter.