Private Harbour Investment Management & Counsel LLC Has $537,000 Stock Position in Knowles Co. (NYSE:KN)

Private Harbour Investment Management & Counsel LLC cut its holdings in shares of Knowles Co. (NYSE:KN) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,934 shares of the communications equipment provider’s stock after selling 2,630 shares during the period. Private Harbour Investment Management & Counsel LLC’s holdings in Knowles were worth $537,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Knowles by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 11,561,358 shares of the communications equipment provider’s stock worth $230,418,000 after purchasing an additional 82,827 shares during the last quarter. LPL Financial LLC boosted its holdings in Knowles by 29.2% in the fourth quarter. LPL Financial LLC now owns 41,446 shares of the communications equipment provider’s stock valued at $826,000 after acquiring an additional 9,376 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Knowles in the fourth quarter worth about $383,000. Sei Investments Co. lifted its position in Knowles by 2.8% during the 4th quarter. Sei Investments Co. now owns 428,615 shares of the communications equipment provider’s stock valued at $8,542,000 after purchasing an additional 11,510 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Knowles by 34.9% in the 4th quarter. American Century Companies Inc. now owns 149,152 shares of the communications equipment provider’s stock valued at $2,973,000 after purchasing an additional 38,603 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th. Craig Hallum downgraded Knowles from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research note on Friday, February 14th.

Knowles Price Performance

Shares of KN opened at $16.15 on Wednesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. The firm has a market capitalization of $1.42 billion, a PE ratio of -6.09 and a beta of 1.42. The stock has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $18.30. Knowles Co. has a 52-week low of $15.13 and a 52-week high of $20.86.

Knowles (NYSE:KN) last issued its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%. The company had revenue of $142.50 million for the quarter.

About Knowles

Knowles Corporation offers capacitors, radio frequency (RF) filtering products, balanced armature speakers, micro-acoustic microphones, and audio solutions in Asia, the United States, Europe, other Americas, and internationally. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).