Quantbot Technologies LP Trims Position in Knowles Co. (NYSE:KN)

Quantbot Technologies LP trimmed its position in Knowles Co. (NYSE:KN) by 86.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,714 shares of the communications equipment provider’s stock after selling 16,909 shares during the quarter. Quantbot Technologies LP’s holdings in Knowles were worth $54,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KN. Charles Schwab Investment Management Inc. raised its position in shares of Knowles by 14.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,368 shares of the communications equipment provider’s stock worth $25,429,000 after buying an additional 178,745 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Knowles by 74.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 31,166 shares of the communications equipment provider’s stock valued at $562,000 after acquiring an additional 13,320 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Knowles by 11.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,415 shares of the communications equipment provider’s stock worth $3,613,000 after purchasing an additional 20,663 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Knowles in the third quarter worth approximately $227,000. Finally, Edgestream Partners L.P. purchased a new stake in Knowles in the third quarter valued at approximately $523,000. 96.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KN has been the subject of a number of research reports. Craig Hallum cut shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a research note on Friday, February 14th. StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research note on Monday, February 17th.

Knowles Stock Performance

NYSE:KN opened at $15.15 on Wednesday. Knowles Co. has a 1-year low of $14.95 and a 1-year high of $20.86. 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 has a 50 day moving average of $17.35 and a 200 day moving average of $18.26. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -5.72 and a beta of 1.42.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.01). The business had revenue of $142.50 million during the quarter. Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%.

About Knowles

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).