Creative Planning cut its stake in Knowles Corporation (NYSE:KN) by 0.3% during the second quarter, Holdings Channel reports. The firm owned 96,518 shares of the communications equipment provider’s stock after selling 296 shares during the period. Creative Planning’s holdings in Knowles Corporation were worth $1,633,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KN. Acrospire Investment Management LLC raised its stake in shares of Knowles Corporation by 94.8% in the first quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock worth $100,000 after buying an additional 2,580 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Knowles Corporation by 6.6% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after buying an additional 562 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Knowles Corporation by 31.5% in the first quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after buying an additional 2,300 shares during the last quarter. Atria Investments LLC raised its stake in shares of Knowles Corporation by 1.5% in the second quarter. Atria Investments LLC now owns 12,485 shares of the communications equipment provider’s stock worth $211,000 after buying an additional 180 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in shares of 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 worth $215,000 after buying an additional 329 shares during the last quarter.

Shares of Knowles Corporation (NYSE:KN) opened at 16.32 on Monday. Knowles Corporation has a 12-month low of $12.82 and a 12-month high of $19.90. The company’s market cap is $1.46 billion. The stock has a 50 day moving average of $17.63 and a 200 day moving average of $18.02.

Knowles Corporation (NYSE:KN) last announced its earnings results on Wednesday, April 26th. The communications equipment provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $193.70 million for the quarter, compared to analysts’ expectations of $190 million. Knowles Corporation had a positive return on equity of 6.69% and a negative net margin of 1.86%. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.08 EPS. Analysts forecast that Knowles Corporation will post $0.99 earnings per share for the current year.

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A number of brokerages recently weighed in on KN. BidaskClub lowered shares of Knowles Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, June 14th. Dougherty & Co began coverage on shares of Knowles Corporation in a report on Thursday, June 8th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Knowles Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.33.

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

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