Cwm LLC Has $5.34 Million Stake in Knowles Corporation (KN)
Cwm LLC grew its position in Knowles Corporation (NYSE:KN) by 21.6% in the 4th quarter, Holdings Channel reports. The firm owned 364,003 shares of the communications equipment provider’s stock after purchasing an additional 64,623 shares during the period. Cwm LLC’s holdings in Knowles were worth $5,336,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in KN. Riverhead Capital Management LLC raised its holdings in shares of Knowles by 88.1% in the second quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock valued at $118,000 after purchasing an additional 3,259 shares during the last quarter. Capital Management Associates NY purchased a new stake in shares of Knowles in the third quarter valued at about $153,000. Raymond James Trust N.A. raised its holdings in shares of Knowles by 9.4% in the second quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock valued at $187,000 after purchasing an additional 948 shares during the last quarter. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Knowles in the second quarter valued at about $203,000. Finally, Amalgamated Bank raised its holdings in shares of Knowles by 0.9% in the second quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock valued at $212,000 after purchasing an additional 117 shares during the last quarter.
Shares of Knowles Corporation (NYSE KN) opened at $16.29 on Wednesday. Knowles Corporation has a 1-year low of $14.11 and a 1-year high of $19.90. The company has a current ratio of 2.39, a quick ratio of 1.43 and a debt-to-equity ratio of 0.29. The stock has a market cap of $1,460.00, a PE ratio of -814.50, a P/E/G ratio of 2.19 and a beta of 0.76.
Knowles (NYSE:KN) last posted its quarterly earnings data on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.09. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The business had revenue of $221.70 million during the quarter, compared to the consensus estimate of $220.62 million. During the same quarter last year, the company posted $0.37 earnings per share. The firm’s quarterly revenue was down 8.8% compared to the same quarter last year. analysts forecast that Knowles Corporation will post 0.62 EPS for the current fiscal year.
A number of analysts recently issued reports on KN shares. Zacks Investment Research upgraded shares of Knowles from a “sell” rating to a “hold” rating in a report on Wednesday, September 20th. Piper Jaffray Companies started coverage on shares of Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price objective for the company. Robert W. Baird restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a report on Friday, October 27th. Finally, Lake Street Capital restated a “buy” rating and set a $20.00 price objective on shares of Knowles in a 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 stock. The company presently has an average rating of “Hold” and a consensus price target of $18.90.
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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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