Ethic Inc. Makes New $210,000 Investment in Knowles Co. (NYSE:KN)

Ethic Inc. purchased a new position in Knowles Co. (NYSE:KN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 10,552 shares of the communications equipment provider’s stock, valued at approximately $210,000.

Other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Knowles in the 4th quarter worth $16,297,000. Rhumbline Advisers increased its holdings in shares of Knowles by 1.9% in the fourth quarter. Rhumbline Advisers now owns 275,317 shares of the communications equipment provider’s stock worth $5,487,000 after purchasing an additional 5,019 shares during the last quarter. Barclays PLC increased its holdings in shares of Knowles by 340.0% in the third quarter. Barclays PLC now owns 145,401 shares of the communications equipment provider’s stock worth $2,622,000 after purchasing an additional 112,354 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of 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 purchasing an additional 5,825 shares during the last quarter. Finally, Sei Investments Co. increased its holdings in shares of Knowles by 2.8% in the fourth quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider’s stock worth $8,542,000 after purchasing an additional 11,510 shares during the last quarter. Hedge funds and other institutional investors own 96.35% of the company’s stock.

Analyst Ratings Changes

KN has been the topic of several research reports. Craig Hallum raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, April 7th. Robert W. Baird lifted their target price on Knowles from $18.00 to $22.00 and gave the stock an “outperform” rating in a report on Friday, April 25th. Finally, StockNews.com cut Knowles from a “buy” rating to a “hold” rating in a report on Thursday, April 24th.

Knowles Trading Up 0.3%

KN opened at $17.12 on Friday. The firm has a market cap of $1.49 billion, a P/E ratio of -6.46 and a beta of 1.40. Knowles Co. has a 12 month low of $12.19 and a 12 month high of $20.86. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $15.47 and a 200 day moving average of $17.69.

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 the consensus estimate of $0.18. The company had revenue of $132.20 million during the quarter, compared to analyst estimates of $128.95 million. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter last year, the business posted $0.18 earnings per share.

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).