Knowles Co. (NYSE:KN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans cut its stake in Knowles Co. (NYSE:KN) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 393,418 shares of the communications equipment provider’s stock after selling 44,860 shares during the period. Thrivent Financial for Lutherans owned about 0.45% of Knowles worth $7,841,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. William Blair Investment Management LLC lifted its stake in Knowles by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 2,226,761 shares of the communications equipment provider’s stock worth $44,379,000 after acquiring an additional 54,404 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in shares of Knowles in the 4th quarter valued at $463,000. Royce & Associates LP lifted 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 last quarter. Madison Investment Advisors LLC acquired a new position in shares of Knowles during the fourth quarter worth $2,488,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Knowles by 46.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 669 shares in the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Knowles Trading Down 1.0 %

NYSE KN opened at $15.94 on Monday. Knowles Co. has a 12 month low of $15.13 and a 12 month high of $20.86. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of -6.02 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The firm’s fifty day moving average price is $17.95 and its 200 day moving average price is $18.31.

Knowles (NYSE:KN) last issued 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 Analyst Weigh In

KN has been the subject of a number of recent analyst reports. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th. Craig Hallum cut Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research note on Friday, February 14th.

Knowles Company Profile

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).