LS Investment Advisors LLC boosted its stake in shares of Knowles Corporation (NYSE:KN) by 17.9% during the second quarter, Holdings Channel reports. The firm owned 6,953 shares of the communications equipment provider’s stock after buying an additional 1,056 shares during the period. LS Investment Advisors LLC’s holdings in Knowles Corporation were worth $118,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KN. Acrospire Investment Management LLC raised its position 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 period. Bank of Montreal Can raised its position in 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 position in 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 position 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 during the last quarter. Finally, Bbva Compass Bancshares Inc. raised its position in 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 down 1.87% during trading on Friday, reaching $14.71. The company’s stock had a trading volume of 1,177,725 shares. The stock’s market cap is $1.32 billion. Knowles Corporation has a 52-week low of $13.32 and a 52-week high of $19.90. The firm has a 50 day moving average price of $16.19 and a 200-day moving average price of $17.80.

Knowles Corporation (NYSE:KN) last released its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.24 million. During the same quarter in the previous year, the company posted $0.13 EPS. The business’s revenue was down .1% on a year-over-year basis. On average, analysts expect that Knowles Corporation will post $0.95 earnings per share for the current year.

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KN has been the topic of several analyst reports. Zacks Investment Research lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, Dougherty & Co initiated coverage on Knowles Corporation in a research note on Thursday, June 8th. They issued a “buy” rating and a $22.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.33.

In related news, insider Michael S. Polacek purchased 3,246 shares of Knowles Corporation stock in a transaction on Friday, August 4th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $49,988.40. Following the transaction, the insider now owns 42,866 shares of the company’s stock, valued at approximately $660,136.40. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.20% of the company’s stock.

About Knowles Corporation

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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