Cerity Partners LLC acquired a new position in shares of Knowles Co. (NYSE:KN – Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 1,001 shares of the communications equipment provider’s stock, valued at approximately $821,000.
Other institutional investors have also modified their holdings of the company. Natixis Advisors L.P. lifted its position in Knowles by 26.0% in the first quarter. Natixis Advisors L.P. now owns 29,430 shares of the communications equipment provider’s stock valued at $500,000 after acquiring an additional 6,076 shares during the last quarter. American Century Companies Inc. lifted its position in Knowles by 35.9% in the first quarter. American Century Companies Inc. now owns 32,033 shares of the communications equipment provider’s stock valued at $540,000 after acquiring an additional 8,470 shares during the last quarter. Rhumbline Advisers lifted its position in Knowles by 4.9% in the first quarter. Rhumbline Advisers now owns 298,193 shares of the communications equipment provider’s stock valued at $5,069,000 after acquiring an additional 13,990 shares during the last quarter. Credit Suisse AG lifted its position in Knowles by 4.8% in the first quarter. Credit Suisse AG now owns 114,547 shares of the communications equipment provider’s stock valued at $1,947,000 after acquiring an additional 5,212 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Knowles by 160.5% in the first quarter. Tower Research Capital LLC TRC now owns 2,384 shares of the communications equipment provider’s stock valued at $41,000 after acquiring an additional 1,469 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other institutional investors.
Knowles Price Performance
Shares of NYSE:KN opened at $15.80 on Monday. The company has a 50-day simple moving average of $17.20 and a 200-day simple moving average of $16.90. Knowles Co. has a one year low of $11.57 and a one year high of $20.25. The company has a quick ratio of 1.70, a current ratio of 3.47 and a debt-to-equity ratio of 0.05.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Susquehanna reduced their target price on shares of Knowles from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, July 25th. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a report on Thursday.
Knowles Profile
Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).
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