Landscape Capital Management L.L.C. acquired a new position in shares of Knowles Corp (NYSE:KN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,241 shares of the communications equipment provider’s stock, valued at approximately $267,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. lifted its position in Knowles by 222.6% in the 4th quarter. Assetmark Inc. now owns 8,142 shares of the communications equipment provider’s stock worth $119,000 after buying an additional 5,618 shares during the last quarter. Capital Management Associates NY bought a new stake in Knowles in the 3rd quarter worth approximately $153,000. Crossmark Global Holdings Inc. bought a new stake in Knowles in the 4th quarter worth approximately $170,000. Investors Research Corp bought a new stake in Knowles in the 4th quarter worth approximately $216,000. Finally, Wellington Shields Capital Management LLC bought a new stake in Knowles in the 3rd quarter worth approximately $284,000.
A number of research firms recently weighed in on KN. Craig Hallum restated a “buy” rating and issued a $17.00 target price (down previously from $20.00) on shares of Knowles in a research report on Thursday, February 8th. Lake Street Capital lowered their price objective on Knowles from $19.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, February 8th. Zacks Investment Research downgraded Knowles from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, Piper Jaffray Companies initiated coverage on Knowles in a research report on Wednesday, December 20th. They issued a “neutral” rating and a $15.50 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Knowles has a consensus rating of “Hold” and an average price target of $18.08.
Shares of Knowles Corp (NYSE KN) opened at $14.57 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.78. The firm has a market capitalization of $1,300.32, a P/E ratio of 20.47, a price-to-earnings-growth ratio of 1.92 and a beta of 0.79. Knowles Corp has a 12-month low of $13.10 and a 12-month high of $19.90.
Knowles (NYSE:KN) last announced its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share. equities research analysts forecast that Knowles Corp will post 0.75 EPS for the current fiscal year.
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Knowles Corporation is a global supplier of micro-acoustic, audio processing and specialty component solutions, serving the mobile consumer electronics, communications, medical, military, aerospace and industrial markets. The Company operates through two segments: Mobile Consumer Electronics (MCE) and Specialty Components (SC).
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