Knowles Corp (KN) Stake Increased by UBS Group AG

UBS Group AG lifted its stake in shares of Knowles Corp (NYSE:KN) by 112.3% in the 1st quarter, HoldingsChannel reports. The fund owned 14,620 shares of the communications equipment provider’s stock after acquiring an additional 7,733 shares during the period. UBS Group AG’s holdings in Knowles were worth $184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Knowles by 0.3% during the 1st quarter. BlackRock Inc. now owns 9,397,639 shares of the communications equipment provider’s stock worth $118,317,000 after acquiring an additional 25,896 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Knowles by 21.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,993,417 shares of the communications equipment provider’s stock worth $75,457,000 after acquiring an additional 1,049,288 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Knowles by 0.6% during the 1st quarter. Northern Trust Corp now owns 2,106,090 shares of the communications equipment provider’s stock worth $26,517,000 after acquiring an additional 11,844 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Knowles by 4.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 721,423 shares of the communications equipment provider’s stock worth $9,083,000 after acquiring an additional 28,234 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in Knowles by 4.7% during the 1st quarter. Eagle Boston Investment Management Inc. now owns 555,948 shares of the communications equipment provider’s stock valued at $6,999,000 after purchasing an additional 25,153 shares during the period.

Shares of KN stock opened at $17.71 on Monday. The company has a quick ratio of 1.43, a current ratio of 2.56 and a debt-to-equity ratio of 0.17. Knowles Corp has a 12 month low of $10.94 and a 12 month high of $18.32. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.63 and a beta of 0.99.

Knowles (NYSE:KN) last announced its quarterly earnings data on Tuesday, July 24th. The communications equipment provider reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04. Knowles had a return on equity of 6.08% and a net margin of 13.12%. The company had revenue of $188.40 million during the quarter, compared to the consensus estimate of $179.86 million. During the same quarter last year, the company earned $0.11 EPS. The company’s quarterly revenue was up 14.6% on a year-over-year basis. equities research analysts forecast that Knowles Corp will post 0.67 EPS for the current year.

In other news, insider Michael S. Polacek acquired 1,634 shares of Knowles stock in a transaction on Thursday, July 26th. The stock was bought at an average price of $18.30 per share, for a total transaction of $29,902.20. Following the transaction, the insider now owns 65,878 shares of the company’s stock, valued at $1,205,567.40. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Thomas G. Jackson sold 2,756 shares of the firm’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $18.23, for a total value of $50,241.88. Following the completion of the sale, the vice president now owns 31,375 shares of the company’s stock, valued at approximately $571,966.25. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by company insiders.

Several brokerages recently weighed in on KN. JPMorgan Chase & Co. downgraded Knowles from a “neutral” rating to an “underweight” rating and set a $13.50 target price for the company. in a research note on Friday, August 3rd. Piper Jaffray Companies restated a “hold” rating and set a $16.50 target price on shares of Knowles in a research note on Wednesday, July 25th. ValuEngine upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Thursday, July 5th. Dougherty & Co downgraded Knowles from a “buy” rating to a “neutral” rating in a research note on Wednesday, July 25th. Finally, Lake Street Capital restated a “buy” rating and set a $19.00 target price (up previously from $17.00) on shares of Knowles in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $17.50.

About Knowles

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions to the mobile consumer electronics, industrial, defense, aerospace medical, and telecommunications markets worldwide. The company operates in two segments, Audio and Precision Devices.

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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