Knowles Corporation (KN) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC cut its holdings in shares of Knowles Corporation (NYSE:KN) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,468,570 shares of the communications equipment provider’s stock after selling 26,235 shares during the quarter. Knowles comprises 1.2% of Keeley Teton Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Keeley Teton Advisors LLC owned approximately 1.64% of Knowles worth $22,425,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Knowles by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 13,022 shares of the communications equipment provider’s stock valued at $220,000 after acquiring an additional 66 shares during the period. Amalgamated Bank grew its position in 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 acquiring an additional 117 shares during the period. Retirement Systems of Alabama grew its position in Knowles by 0.5% in the second quarter. Retirement Systems of Alabama now owns 115,023 shares of the communications equipment provider’s stock valued at $1,946,000 after acquiring an additional 520 shares during the period. Arizona State Retirement System grew its position in Knowles by 1.9% in the second quarter. Arizona State Retirement System now owns 37,600 shares of the communications equipment provider’s stock valued at $636,000 after acquiring an additional 700 shares during the period. Finally, Nationwide Fund Advisors grew its position in Knowles by 0.3% in the second quarter. Nationwide Fund Advisors now owns 218,673 shares of the communications equipment provider’s stock valued at $3,700,000 after acquiring an additional 739 shares during the period.

Shares of Knowles Corporation (KN) traded up $0.05 on Wednesday, hitting $14.99. The stock had a trading volume of 1,152,800 shares, compared to its average volume of 794,958. The company has a quick ratio of 1.43, a current ratio of 2.39 and a debt-to-equity ratio of 0.29. Knowles Corporation has a twelve month low of $14.11 and a twelve month high of $19.90. The firm has a market capitalization of $1,336.66, a price-to-earnings ratio of 21.97, a PEG ratio of 2.33 and a beta of 0.76.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.09. Knowles had a return on equity of 6.13% and a net margin of 0.25%. The business had revenue of $221.70 million for the quarter, compared to analyst estimates of $220.62 million. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The firm’s revenue for the quarter was down 8.8% compared to the same quarter last year. equities analysts predict that Knowles Corporation will post 0.64 EPS for the current fiscal year.

KN has been the topic of a number of recent analyst reports. Zacks Investment Research raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, October 24th. BidaskClub raised Knowles from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 26th. Lake Street Capital reissued a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Monday, November 20th. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of Knowles in a research note on Friday, October 27th. Two equities 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 company. The stock has a consensus rating of “Hold” and an average price target of $19.00.

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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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