Stephens Inc. AR cut its stake in shares of Knowles Corporation (NYSE:KN) by 60.8% during the first quarter, Holdings Channel reports. The institutional investor owned 10,716 shares of the communications equipment provider’s stock after selling 16,596 shares during the period. Stephens Inc. AR’s holdings in Knowles Corporation were worth $203,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Royce & Associates LP increased its stake in Knowles Corporation by 10.8% in the first quarter. Royce & Associates LP now owns 674,677 shares of the communications equipment provider’s stock valued at $12,785,000 after buying an additional 66,000 shares in the last quarter. Teachers Advisors LLC increased its stake in Knowles Corporation by 2.7% in the first quarter. Teachers Advisors LLC now owns 157,181 shares of the communications equipment provider’s stock valued at $2,979,000 after buying an additional 4,119 shares in the last quarter. Advantus Capital Management Inc increased its stake in Knowles Corporation by 3.0% in the first quarter. Advantus Capital Management Inc now owns 11,356 shares of the communications equipment provider’s stock valued at $215,000 after buying an additional 329 shares in the last quarter. FMR LLC purchased a new stake in Knowles Corporation during the first quarter valued at about $4,989,000. Finally, Principal Financial Group Inc. increased its stake in Knowles Corporation by 2.1% in the first quarter. Principal Financial Group Inc. now owns 358,178 shares of the communications equipment provider’s stock valued at $6,787,000 after buying an additional 7,520 shares in the last quarter.

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

Shares of Knowles Corporation (NYSE:KN) traded down 1.20% during midday trading on Friday, reaching $17.31. The company’s stock had a trading volume of 1,018,975 shares. The firm’s 50 day moving average is $17.72 and its 200 day moving average is $17.94. The firm’s market capitalization is $1.54 billion. Knowles Corporation has a 52 week low of $12.57 and a 52 week high of $19.90.

Knowles Corporation (NYSE:KN) last released its quarterly earnings data on Wednesday, April 26th. The communications equipment provider reported $0.08 EPS for the quarter, missing the consensus estimate of $0.11 by $0.03. Knowles Corporation had a negative net margin of 1.86% and a positive return on equity of 6.69%. The company had revenue of $193.70 million during the quarter, compared to analysts’ expectations of $190 million. During the same period last year, the business earned $0.08 earnings per share. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts forecast that Knowles Corporation will post $1.00 EPS for the current fiscal year.

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Several brokerages have weighed in on KN. BidaskClub downgraded Knowles Corporation from a “buy” rating to a “hold” rating in a report on Wednesday. Dougherty & Co began coverage on Knowles Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Zacks Investment Research downgraded Knowles Corporation from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $17.86.

Knowles Corporation 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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