The Manufacturers Life Insurance Company raised its stake in shares of Knowles Corp (NYSE:KN) by 14.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 222,252 shares of the communications equipment provider’s stock after purchasing an additional 27,347 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Knowles were worth $3,259,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of KN. Capital Management Associates NY bought a new position in shares of Knowles during the 3rd quarter valued at about $153,000. Crossmark Global Holdings Inc. bought a new position in shares of Knowles during the 4th quarter valued at about $170,000. Wellington Shields Capital Management LLC bought a new position in shares of Knowles during the 3rd quarter valued at about $284,000. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Knowles by 55.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 18,736 shares of the communications equipment provider’s stock valued at $286,000 after purchasing an additional 6,717 shares in the last quarter. Finally, Highbridge Capital Management LLC bought a new position in shares of Knowles during the 3rd quarter valued at about $320,000.

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In other news, Director Didier Hirsch bought 3,000 shares of the business’s stock in a transaction on Friday, February 16th. The shares were purchased at an average price of $14.45 per share, for a total transaction of $43,350.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders acquired a total of 8,009 shares of company stock worth $114,693 in the last 90 days. Company insiders own 2.20% of the company’s stock.

Several equities analysts have recently weighed in on the company. Lake Street Capital reiterated a “buy” rating and set a $20.00 price objective on shares of Knowles in a report on Monday, November 20th. Piper Jaffray Companies started coverage on Knowles in a report on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price objective on the stock. Zacks Investment Research cut Knowles from a “hold” rating to a “sell” rating in a research note on Wednesday, February 14th. Finally, Craig Hallum restated a “buy” rating and issued a $17.00 target price (down previously from $20.00) on shares of Knowles in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.08.

Shares of Knowles Corp (NYSE:KN) opened at $14.31 on Wednesday. The company has a market capitalization of $1,303.90, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 1.93 and a beta of 0.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.60 and a quick ratio of 1.78. Knowles Corp has a 12 month low of $13.10 and a 12 month high of $19.90.

Knowles (NYSE:KN) last released its earnings results on Wednesday, February 7th. The communications equipment provider reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.07. The firm had revenue of $215.50 million for the quarter, compared to analysts’ expectations of $221.96 million. Knowles had a return on equity of 6.28% and a net margin of 8.32%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 EPS. equities research analysts expect that Knowles Corp will post 0.75 earnings per share for the current fiscal year.

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Knowles 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 (NYSE:KN)

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