Bbva Compass Bancshares Inc. decreased its position in shares of Knowles Corporation (NYSE:KN) by 4.7% during the second quarter, Holdings Channel reports. The fund owned 11,483 shares of the communications equipment provider’s stock after selling 564 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Knowles Corporation were worth $194,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of KN. Atria Investments LLC raised its position in Knowles Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 12,485 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 180 shares during the last quarter. State Treasurer State of Michigan raised its position in Knowles Corporation by 0.8% in the first quarter. State Treasurer State of Michigan now owns 36,011 shares of the communications equipment provider’s stock worth $682,000 after buying an additional 300 shares during the last quarter. Advantus Capital Management Inc raised its position in Knowles Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 11,356 shares of the communications equipment provider’s stock worth $215,000 after buying an additional 329 shares during the last quarter. Marathon Capital Management raised its position in Knowles Corporation by 0.7% in the first quarter. Marathon Capital Management now owns 53,750 shares of the communications equipment provider’s stock worth $1,019,000 after buying an additional 350 shares during the last quarter. Finally, Liberty Mutual Group Asset Management Inc. raised its position in Knowles Corporation by 1.0% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 40,446 shares of the communications equipment provider’s stock worth $766,000 after buying an additional 386 shares during the last quarter.
Shares of Knowles Corporation (NYSE:KN) opened at 14.99 on Friday. Knowles Corporation has a 52-week low of $13.32 and a 52-week high of $19.90. The company’s market capitalization is $1.34 billion. The firm’s 50 day moving average is $16.26 and its 200-day moving average is $17.82.
Knowles Corporation (NYSE:KN) last posted its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.02. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The business had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.24 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Knowles Corporation will post $0.95 earnings per share for the current fiscal year.
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A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Knowles Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Dougherty & Co assumed coverage on shares of Knowles Corporation in a research note on Thursday, June 8th. They set a “buy” rating and a $22.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Knowles Corporation presently has an average rating of “Hold” and a consensus price target of $18.33.
In other news, insider Michael S. Polacek bought 3,246 shares of the stock in a transaction dated Friday, August 4th. The shares were acquired at an average price of $15.40 per share, with a total value of $49,988.40. Following the acquisition, the insider now owns 42,866 shares in the company, valued at $660,136.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.20% of the stock is currently owned by corporate insiders.
Knowles Corporation Company Profile
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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