Mcclain Value Management LLC lessened its stake in shares of Knowles Corp (NYSE:KN) by 34.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 202,530 shares of the communications equipment provider’s stock after selling 104,673 shares during the period. Knowles comprises about 6.7% of Mcclain Value Management LLC’s holdings, making the stock its 5th biggest position. Mcclain Value Management LLC owned about 0.22% of Knowles worth $2,710,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in KN. Fisher Asset Management LLC raised its stake in shares of Knowles by 110.1% in the first quarter. Fisher Asset Management LLC now owns 2,132,366 shares of the communications equipment provider’s stock valued at $28,531,000 after buying an additional 1,117,546 shares during the period. Norges Bank bought a new stake in Knowles in the 4th quarter valued at about $15,878,000. Ziegler Capital Management LLC bought a new stake in Knowles in the 1st quarter valued at about $8,343,000. Victory Capital Management Inc. lifted its holdings in Knowles by 56.4% during the first quarter. Victory Capital Management Inc. now owns 1,418,972 shares of the communications equipment provider’s stock valued at $18,986,000 after purchasing an additional 511,776 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in Knowles by 788.2% during the fourth quarter. Renaissance Technologies LLC now owns 556,674 shares of the communications equipment provider’s stock worth $11,774,000 after purchasing an additional 494,000 shares during the period. 97.42% of the stock is currently owned by institutional investors and hedge funds.

Knowles stock traded up $0.53 during midday trading on Wednesday, hitting $16.24. 603,257 shares of the company’s stock were exchanged, compared to its average volume of 817,990. The company has a market cap of $1.41 billion, a P/E ratio of 36.80, a PEG ratio of 4.11 and a beta of 1.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.12 and a current ratio of 3.33. The stock has a 50-day moving average price of $14.58 and a two-hundred day moving average price of $17.60. Knowles Corp has a 52-week low of $11.10 and a 52-week high of $22.79.

Knowles (NYSE:KN) last issued its quarterly earnings data on Monday, May 4th. The communications equipment provider reported $0.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The company had revenue of $163.10 million during the quarter, compared to analyst estimates of $164.53 million. Knowles had a return on equity of 5.90% and a net margin of 5.09%. Knowles’s revenue was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, sell-side analysts expect that Knowles Corp will post 0.38 earnings per share for the current year.

KN has been the topic of a number of recent research reports. Craig Hallum dropped their price target on shares of Knowles from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday, May 5th. Roth Capital dropped their target price on Knowles from $23.00 to $20.00 in a research report on Tuesday, April 14th. Lake Street Capital reduced their price target on Knowles from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, February 5th. ValuEngine upgraded Knowles from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. Finally, Susquehanna Bancshares reduced their target price on Knowles from $21.00 to $19.00 and set a “positive” rating for the company in a report on Thursday, April 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $20.33.

Knowles Profile

Knowles Corporation designs, manufactures, and sells micro-acoustic, audio processing, and precision device solutions for the mobile consumer electronics, communications, medical, defense, aerospace, and industrial markets worldwide. It operates in two segments, Audio and Precision Devices (PD). The Audio segment designs and manufactures audio products, including microphones and balanced armature speakers, audio processors, and software and algorithms used in applications that serve the mobile, ear, and Internet of Things markets.

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Institutional Ownership by Quarter for Knowles (NYSE:KN)

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