Alliancebernstein LP Holds Stake in Knowles Corp (NYSE:KN)

Bruno Cirelli
Agosto 2, 2017

Dimensional Fund Advisors LP raised its stake in shares of Knowles Corp by 53.9% in the fourth quarter. Sensato Investors LLC boosted its position in Knowles Corporation by 626.7% in the first quarter. JPMorgan Chase & Co. now owns 1,399,150 shares of the communications equipment provider's stock worth $26,514,000 after buying an additional 1,393,137 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Knowles Corp by 94.8% in the first quarter. Bank of Montreal Can now owns 9,048 shares of the communications equipment provider's stock valued at $172,000 after buying an additional 562 shares in the last quarter. American Century Companies Inc. increased its stake in Knowles Corp by 661.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,140,962 shares of the communications equipment provider's stock valued at $35,776,000 after buying an additional 749,385 shares during the period.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Knowles Corporation (KN) stands at -2.66 while the industry's and the sector's growth for next 5 years ticked at 6.21 and 5.23 respectively.

The company declined -1.42% and closed its last trading session at $15.46. The market capitalization of the company is at $1.38 Billion. The level of 50 represents neutral market momentum and corresponds with the center line in other oscillators such as MACD (Moving Average Convergence/Divergence). The value of the total investment in Knowles Corporation went from $12,885,000 to $12,258,000 decreasing 4.9% quarter over quarter.

Knowles Corporation (NYSE:KN) last issued its earnings results on Wednesday, July 26th. The communications equipment provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. For the current year the company's revenue estimates are $874.14 Million compared to low analyst estimates of $850.3 Million and high estimates of $892.48 Million according to the prediction of 10 analysts.

While having a peek at profitability ratios Knowles Corporation (NYSE:KN) has trailing twelve month gross margin at 38.5%, its trailing twelve month operating margin stands at 0% whereas its trailing twelve month net profit margin spots at 0%. The company's revenue for the quarter was up 4.5% compared to the same quarter previous year. During the same period a year ago, the business posted $0.13 EPS. On average, equities analysts forecast that Knowles Corp will post $0.96 earnings per share for the current year.

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Shares of Knowles Corp (NYSE KN) opened at 15.15 on Tuesday. Zacks Investment Research lowered Knowles Corporation from a "buy" rating to a "hold" rating in a research report on Tuesday, April 11th. Finally, BidaskClub cut Knowles Corporation from a "buy" rating to a "hold" rating in a report on Wednesday, June 14th. Dougherty & Co initiated coverage on shares of Knowles Corp in a report on Thursday, June 8th. They set a "buy" rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Knowles Corporation now has a consensus rating of "Hold" and an average target price of $18.33.

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 Firm operates through two divisions: Mobile Consumer Electronics and Specialty Components (SC).

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