Cwm LLC Has $30,000 Stock Holdings in Knowles Co. (NYSE:KN)

Cwm LLC increased its holdings in shares of Knowles Co. (NYSE:KN – Get Rating) by 201.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,449 shares of the communications equipment provider’s stock after buying an additional 1,636 shares during the period. Cwm LLC’s holdings in Knowles were worth $30,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its stake in shares of Knowles by 1,698.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,594,041 shares of the communications equipment provider’s stock valued at $27,625,000 after acquiring an additional 1,505,412 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Knowles by 56.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,640,558 shares of the communications equipment provider’s stock valued at $45,761,000 after purchasing an additional 950,629 shares in the last quarter. Pacer Advisors Inc. bought a new stake in shares of Knowles in the 3rd quarter worth $4,295,000. State Street Corp grew its stake in shares of Knowles by 9.5% in the 1st quarter. State Street Corp now owns 3,243,302 shares of the communications equipment provider’s stock worth $69,828,000 after acquiring an additional 282,174 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its stake in shares of Knowles by 43.8% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 417,118 shares of the communications equipment provider’s stock worth $7,229,000 after acquiring an additional 127,118 shares in the last quarter. 99.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Daniel J. Crowley acquired 2,000 shares of Knowles stock in a transaction on Wednesday, November 2nd. The shares were acquired at an average price of $13.97 per share, with a total value of $27,940.00. Following the purchase, the director now directly owns 19,815 shares in the company, valued at approximately $276,815.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.15% of the company’s stock.

Wall Street Analysts Forecast Growth

KN has been the topic of a number of research analyst reports. Craig Hallum cut their price target on shares of Knowles to $18.00 in a report on Tuesday, November 1st. StockNews.com initiated coverage on shares of Knowles in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $20.10.

Knowles Price Performance

Shares of NYSE:KN opened at $18.34 on Friday. Knowles Co. has a 1-year low of $11.57 and a 1-year high of $23.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.87 and a quick ratio of 1.39. The business has a fifty day moving average price of $16.32 and a 200-day moving average price of $15.48. The company has a market capitalization of $1.67 billion, a PE ratio of -12.74 and a beta of 1.43.

Knowles (NYSE:KN – Get Rating) last released its quarterly earnings data on Thursday, October 27th. The communications equipment provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.12 by $0.07. The company had revenue of $178.20 million during the quarter, compared to the consensus estimate of $177.50 million. Knowles had a positive return on equity of 7.98% and a negative net margin of 16.15%. As a group, equities analysts expect that Knowles Co. will post 0.98 EPS for the current fiscal year.

Knowles Profile

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Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates in two segments, Audio and Precision Devices (PD).