Renaissance Technologies LLC purchased a new stake in Knowles Corporation (NYSE:KN) during the first quarter, Holdings Channel reports. The firm purchased 184,374 shares of the communications equipment provider’s stock, valued at approximately $3,494,000.

Other large investors also recently modified their holdings of the company. 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 valued at $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 valued at $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 valued at $182,000 after buying an additional 2,300 shares during the last quarter. 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 valued at $215,000 after buying an additional 329 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its stake in shares of Knowles Corporation by 6.5% in the first quarter. Bbva Compass Bancshares Inc. now owns 12,047 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 738 shares during the last quarter.

Knowles Corporation (NYSE:KN) traded up 0.73% during mid-day trading on Thursday, hitting $15.27. 30,028 shares of the company were exchanged. The firm has a 50 day moving average price of $16.32 and a 200 day moving average price of $17.84. The stock’s market cap is $1.37 billion. Knowles Corporation has a 12 month low of $13.32 and a 12 month high of $19.90.

Knowles Corporation (NYSE:KN) last announced its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Knowles Corporation had a positive return on equity of 6.98% and a negative net margin of 2.44%. The company had revenue of $190.20 million during the quarter, compared to analyst estimates of $190.24 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Knowles Corporation will post $0.95 EPS for the current fiscal year.

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Several brokerages have issued reports on KN. Zacks Investment Research cut shares of Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub cut shares of Knowles Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Finally, Dougherty & Co assumed coverage on shares of Knowles Corporation in a research report on Thursday, June 8th. They set a “buy” rating and a $22.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Knowles Corporation currently has an average rating of “Hold” and a consensus price target of $18.33.

In other news, insider Michael S. Polacek acquired 3,246 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was acquired at an average price of $15.40 per share, for a total transaction of $49,988.40. Following the completion of the acquisition, the insider now directly owns 42,866 shares in the company, valued at approximately $660,136.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.20% of the company’s stock.

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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