Marathon Capital Management maintained its stake in shares of Knowles Corporation (NYSE:KN) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,750 shares of the communications equipment provider’s stock at the close of the 2nd quarter. Marathon Capital Management owned approximately 0.06% of Knowles Corporation worth $909,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in KN. Acrospire Investment Management LLC lifted its position in shares of Knowles Corporation by 94.8% during the 1st quarter. Acrospire Investment Management LLC now owns 5,301 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 2,580 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Knowles Corporation by 17.9% during the 2nd quarter. LS Investment Advisors LLC now owns 6,953 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 1,056 shares in the last quarter. Bank of Montreal Can lifted its holdings in Knowles Corporation by 6.6% during the 1st quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider’s stock worth $172,000 after purchasing an additional 562 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Knowles Corporation by 31.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 9,600 shares of the communications equipment provider’s stock worth $182,000 after purchasing an additional 2,300 shares in the last quarter. Finally, ING Groep NV purchased a new stake in Knowles Corporation during the 2nd quarter worth about $184,000.
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In other news, insider Michael S. Polacek purchased 3,246 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $49,988.40. Following the acquisition, the insider now owns 42,866 shares in the company, valued at $660,136.40. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.20% of the stock is currently owned by company insiders.
Several equities analysts have recently commented on the company. BidaskClub lowered Knowles Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research lowered Knowles Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Dougherty & Co started coverage on Knowles Corporation in a report on Thursday, June 8th. They issued a “buy” rating and a $22.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $19.00.
Knowles Corporation (KN) remained flat at $15.05 during trading on Friday. 303,493 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $14.86 and a 200 day moving average price of $17.15. Knowles Corporation has a 1-year low of $13.32 and a 1-year high of $19.90. The stock’s market capitalization is $1.35 billion.
Knowles Corporation (NYSE:KN) last posted its quarterly earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.02. Knowles Corporation had a negative net margin of 2.44% and a positive return on equity of 6.98%. The company had revenue of $190.20 million for the quarter, compared to the consensus estimate of $190.24 million. During the same quarter last year, the firm posted $0.13 earnings per share. Knowles Corporation’s revenue was down .1% on a year-over-year basis. On average, equities research analysts forecast that Knowles Corporation will post $0.92 EPS for the current year.
About Knowles Corporation
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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