Knowles Co. (NYSE:KN) Sees Large Decrease in Short Interest

Knowles Co. (NYSE:KN) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,810,000 shares, a decrease of 21.1% from the March 15th total of 3,560,000 shares. Currently, 3.3% of the shares of the stock are short sold. Based on an average trading volume of 816,300 shares, the short-interest ratio is currently 3.4 days.

Analysts Set New Price Targets

KN has been the topic of several research analyst reports. Craig Hallum upgraded shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, April 7th. StockNews.com upgraded Knowles from a “hold” rating to a “buy” rating in a research note on Wednesday.

Hedge Funds Weigh In On Knowles

Several large investors have recently modified their holdings of KN. Versant Capital Management Inc grew its holdings in shares of Knowles by 725.6% in the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,444 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 669 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Knowles by 835.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after acquiring an additional 2,448 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Knowles by 72.4% in the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Knowles by 66.6% in the fourth quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after purchasing an additional 1,947 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Price Performance

Shares of Knowles stock traded up $0.16 during trading hours on Friday, reaching $14.41. 1,194,423 shares of the company’s stock were exchanged, compared to its average volume of 672,764. The business has a fifty day moving average of $15.88 and a two-hundred day moving average of $17.89. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1.26 billion, a P/E ratio of -5.44 and a beta of 1.41. Knowles has a 1 year low of $12.19 and a 1 year high of $20.86.

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

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).