11,129 Shares in Knowles Co. (NYSE:KN) Bought by Nebula Research & Development LLC

Nebula Research & Development LLC bought a new stake in shares of Knowles Co. (NYSE:KN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,129 shares of the communications equipment provider’s stock, valued at approximately $222,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Knowles during the 4th quarter valued at about $28,798,000. Raymond James Financial Inc. acquired a new position in Knowles in the fourth quarter valued at approximately $16,297,000. Norges Bank bought a new position in shares of Knowles during the fourth quarter valued at approximately $7,983,000. Royce & Associates LP raised its position in shares of Knowles by 40.8% during the 4th quarter. Royce & Associates LP now owns 1,225,524 shares of the communications equipment provider’s stock worth $24,425,000 after purchasing an additional 355,401 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of Knowles by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,475,339 shares of the communications equipment provider’s stock worth $169,135,000 after purchasing an additional 265,814 shares during the last quarter. Institutional investors own 96.35% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. StockNews.com lowered Knowles from a “buy” rating to a “hold” rating in a research report on Thursday, April 24th. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, April 7th. Finally, Robert W. Baird upped their target price on shares of Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, April 25th.

Knowles Price Performance

Shares of KN opened at $16.03 on Friday. Knowles Co. has a one year low of $12.19 and a one year high of $20.86. The stock’s fifty day moving average is $15.41 and its 200-day moving average is $17.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -6.05 and a beta of 1.41.

Knowles (NYSE:KN) last released its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company 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%. Knowles’s revenue was down .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.18 EPS.

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).