Teza Capital Management LLC Makes New $227,000 Investment in Knowles Co. (NYSE:KN)

Teza Capital Management LLC bought a new stake in shares of Knowles Co. (NYSE:KN) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,400 shares of the communications equipment provider’s stock, valued at approximately $227,000.

Other large investors also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Knowles during the fourth quarter valued at $16,297,000. Rhumbline Advisers lifted its holdings in shares of Knowles by 1.9% during the 4th quarter. Rhumbline Advisers now owns 275,317 shares of the communications equipment provider’s stock valued at $5,487,000 after buying an additional 5,019 shares during the last quarter. Barclays PLC lifted its holdings in shares of Knowles by 340.0% during the 3rd quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider’s stock valued at $2,622,000 after buying an additional 112,354 shares during the last quarter. Mariner LLC grew its stake in shares of Knowles by 20.2% in the 4th quarter. Mariner LLC now owns 17,704 shares of the communications equipment provider’s stock valued at $353,000 after buying an additional 2,980 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in Knowles by 21.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 32,445 shares of the communications equipment provider’s stock worth $647,000 after buying an additional 5,825 shares during the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Stock Performance

Shares of NYSE:KN opened at $16.81 on Wednesday. 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 business’s fifty day moving average price is $15.51 and its two-hundred day moving average price is $17.68. Knowles Co. has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -6.34 and a beta of 1.40.

Knowles (NYSE:KN) last posted its earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $132.20 million during the quarter, compared to analysts’ expectations of $128.95 million. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. Knowles’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share.

Insider Transactions at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $17.25, for a total transaction of $95,651.25. Following the transaction, the senior vice president now directly owns 111,286 shares in the company, valued at approximately $1,919,683.50. This represents a 4.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.54% of the company’s stock.

Analyst Ratings Changes

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

Knowles 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).