JPMorgan Chase & Co. increased its position in shares of Knowles Corporation (NYSE:KN) by 23,168.8% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,399,150 shares of the communications equipment provider’s stock after buying an additional 1,393,137 shares during the period. JPMorgan Chase & Co. owned about 1.57% of Knowles Corporation worth $26,514,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 2,580 shares during the last quarter. Glassman Wealth Services boosted its position in Knowles Corporation by 5,271.6% in the fourth quarter. Glassman Wealth Services now owns 10,206 shares of the communications equipment provider’s stock worth $171,000 after buying an additional 10,016 shares in the last quarter. Bank of Montreal Can boosted its position in Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after buying an additional 2,300 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Knowles Corporation during the fourth quarter valued at $187,000.
Shares of Knowles Corporation (NYSE:KN) traded down 1.65% during trading on Tuesday, reaching $17.33. The company’s stock had a trading volume of 71,128 shares. Knowles Corporation has a 52 week low of $12.57 and a 52 week high of $19.90. The firm’s market capitalization is $1.55 billion. The company has a 50 day moving average price of $17.72 and a 200 day moving average price of $17.98.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The business had revenue of $193.70 million during the quarter, compared to analyst estimates of $190 million. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.08 EPS. On average, equities research analysts expect that Knowles Corporation will post $1.00 EPS for the current fiscal year.
Several equities analysts have commented on the company. Zacks Investment Research downgraded Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Dougherty & Co began coverage on Knowles Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $22.00 target price for the company. Finally, BidaskClub cut Knowles Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $17.86.
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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