Engineers Gate Manager LP purchased a new stake in Knowles Corporation (NYSE:KN) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 57,528 shares of the communications equipment provider’s stock, valued at approximately $843,000.

Other large investors have also modified their holdings of the company. Capital Management Associates NY acquired a new stake in shares of Knowles in the third quarter valued at about $153,000. Amalgamated Bank grew its position in shares of Knowles by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock valued at $212,000 after purchasing an additional 117 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Knowles in the second quarter valued at about $263,000. Thrivent Financial For Lutherans grew its position in shares of Knowles by 8.2% in the second quarter. Thrivent Financial For Lutherans now owns 18,030 shares of the communications equipment provider’s stock valued at $305,000 after purchasing an additional 1,370 shares during the last quarter. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Knowles in the third quarter valued at about $284,000.

A number of research firms recently weighed in on KN. Craig Hallum reissued a “buy” rating and set a $17.00 target price (down from $20.00) on shares of Knowles in a research report on Thursday. Lake Street Capital reissued a “buy” rating and set a $17.00 target price (down from $19.00) on shares of Knowles in a research report on Thursday. Piper Jaffray Companies began coverage on Knowles in a research report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 target price on the stock. Zacks Investment Research downgraded Knowles from a “hold” rating to a “sell” rating in a research report on Thursday, November 2nd. Finally, Robert W. Baird reissued a “buy” rating and set a $20.00 target price on shares of Knowles in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.08.

Knowles Corporation (NYSE KN) opened at $13.39 on Monday. The company has a market cap of $1,198.29, a PE ratio of 18.86, a price-to-earnings-growth ratio of 1.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.60. Knowles Corporation has a one year low of $13.10 and a one year high of $19.90.

Knowles (NYSE:KN) last announced its quarterly earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.07. The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $221.96 million. Knowles had a net margin of 8.32% and a return on equity of 6.28%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. equities analysts expect that Knowles Corporation will post 0.74 EPS for the current year.

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Knowles 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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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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