Nationwide Fund Advisors boosted its holdings in Knowles Corporation (NYSE:KN) by 16.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 253,685 shares of the communications equipment provider’s stock after buying an additional 35,012 shares during the period. Nationwide Fund Advisors owned approximately 0.28% of Knowles worth $3,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. BB&T Corp lifted its holdings in Knowles by 5.0% in the third quarter. BB&T Corp now owns 325,805 shares of the communications equipment provider’s stock valued at $4,975,000 after buying an additional 15,433 shares during the period. Skylands Capital LLC increased its stake in Knowles by 181.9% in the third quarter. Skylands Capital LLC now owns 70,900 shares of the communications equipment provider’s stock valued at $1,083,000 after purchasing an additional 45,750 shares in the last quarter. Fisher Asset Management LLC increased its stake in Knowles by 11.4% in the third quarter. Fisher Asset Management LLC now owns 170,245 shares of the communications equipment provider’s stock valued at $2,600,000 after purchasing an additional 17,404 shares in the last quarter. Eqis Capital Management Inc. increased its stake in Knowles by 76.9% in the third quarter. Eqis Capital Management Inc. now owns 41,876 shares of the communications equipment provider’s stock valued at $639,000 after purchasing an additional 18,204 shares in the last quarter. Finally, Archford Capital Strategies LLC increased its stake in Knowles by 651,333.3% in the second quarter. Archford Capital Strategies LLC now owns 19,543 shares of the communications equipment provider’s stock valued at $1,704,000 after purchasing an additional 19,540 shares in the last quarter.

KN has been the subject of several recent analyst reports. BidaskClub raised shares of Knowles from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Zacks Investment Research raised shares of Knowles from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Robert W. Baird reissued a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Friday, October 27th. Finally, Lake Street Capital reissued a “buy” rating and set a $20.00 price objective on shares of Knowles in a research report on Monday, November 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $19.00.

Shares of Knowles Corporation (NYSE KN) opened at $14.68 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. Knowles Corporation has a 12-month low of $14.11 and a 12-month high of $19.90. The stock has a market cap of $1,313.39, a price-to-earnings ratio of 21.59, a PEG ratio of 2.37 and a beta of 0.76.

Knowles (NYSE:KN) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.09. The business had revenue of $221.70 million during the quarter, compared to the consensus estimate of $220.62 million. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. research analysts expect that Knowles Corporation will post 0.62 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another site, it was illegally copied and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be viewed at https://www.watchlistnews.com/nationwide-fund-advisors-has-3-87-million-position-in-knowles-corporation-kn/1769710.html.

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).

Institutional Ownership by Quarter for Knowles (NYSE:KN)

Receive News & Ratings for Knowles Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Knowles and related companies with Analyst Ratings Network's FREE daily email newsletter.