Ameriprise Financial Inc. Has $3.86 Million Holdings in Knowles Corporation (KN)

Ameriprise Financial Inc. grew its position in shares of Knowles Corporation (NYSE:KN) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 252,445 shares of the communications equipment provider’s stock after purchasing an additional 4,020 shares during the period. Ameriprise Financial Inc. owned 0.28% of Knowles worth $3,855,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Riverhead Capital Management LLC boosted its stake in shares of Knowles by 88.1% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,959 shares of the communications equipment provider’s stock worth $118,000 after purchasing an additional 3,259 shares during the last quarter. Capital Management Associates NY acquired a new stake in shares of Knowles during the 3rd quarter worth about $153,000. Raymond James Trust N.A. boosted its stake in shares of Knowles by 9.4% during the 2nd quarter. Raymond James Trust N.A. now owns 11,017 shares of the communications equipment provider’s stock worth $187,000 after purchasing an additional 948 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Knowles during the 2nd quarter worth about $203,000. Finally, Amalgamated Bank boosted its stake in shares of Knowles by 0.9% during the 2nd quarter. Amalgamated Bank now owns 12,533 shares of the communications equipment provider’s stock worth $212,000 after purchasing an additional 117 shares during the last quarter.

Shares of Knowles Corporation (NYSE KN) opened at $14.66 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.39 and a quick ratio of 1.43. Knowles Corporation has a 12-month low of $14.11 and a 12-month high of $19.90. The stock has a market cap of $1,320.00, a P/E ratio of -733.00, a P/E/G ratio of 2.36 and a beta of 0.76.

Knowles (NYSE:KN) last released its earnings results on Wednesday, October 25th. The communications equipment provider reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.09. Knowles had a net margin of 0.25% and a return on equity of 6.13%. The business had revenue of $221.70 million for the quarter, compared to analysts’ expectations of $220.62 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. analysts anticipate that Knowles Corporation will post 0.62 EPS for the current fiscal year.

KN has been the topic of several analyst reports. Zacks Investment Research raised shares of Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Tuesday, October 24th. Lake Street Capital reaffirmed a “buy” rating and set a $20.00 price target on shares of Knowles in a research note on Monday, November 20th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of Knowles in a research note on Friday, October 27th. Finally, Piper Jaffray Companies initiated coverage on shares of Knowles in a research note on Wednesday, December 20th. They set a “neutral” rating and a $15.50 price target on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Knowles currently has a consensus rating of “Hold” and an average target price of $18.42.

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Knowles Company 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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