Bernzott Capital Advisors Lowers stake in Knowles Corp (KN)

Knowles Corp (KN) : Bernzott Capital Advisors reduced its stake in Knowles Corp by 8.61% during the most recent quarter end. The investment management company now holds a total of 1,256,532 shares of Knowles Corp which is valued at $17,352,707 after selling 118,375 shares in Knowles Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Knowles Corp makes up approximately 3.25% of Bernzott Capital Advisors’s portfolio.

Other Hedge Funds, Including , Acrospire Investment Management added KN to its portfolio by purchasing 2,303 company shares during the most recent quarter which is valued at $31,804. Knowles Corp makes up approx 0.02% of Acrospire Investment Management’s portfolio.Alambic Investment Management reduced its stake in KN by selling 53,500 shares or 38.05% in the most recent quarter. The Hedge Fund company now holds 87,100 shares of KN which is valued at $1,193,270. Knowles Corp makes up approx 0.27% of Alambic Investment Management’s portfolio.State Treasurer State Of Michigan boosted its stake in KN in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 35,511 shares of Knowles Corp which is valued at $465,549. Fox Run Management L.l.c. added KN to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $159,580. Knowles Corp makes up approx 0.07% of Fox Run Management L.l.c.’s portfolio.Independent Portfolio Consultants reduced its stake in KN by selling 20,475 shares or 18.45% in the most recent quarter. The Hedge Fund company now holds 90,520 shares of KN which is valued at $1,430,216. Knowles Corp makes up approx 0.44% of Independent Portfolio Consultants’s portfolio.

Knowles Corp closed down -0.32 points or -2.28% at $13.74 with 3,89,904 shares getting traded on Wednesday. Post opening the session at $14.02, the shares hit an intraday low of $13.71 and an intraday high of $14.06 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Knowles Corp reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 25, 2016. Analyst had a consensus of $0.03. The company had revenue of $185.30 million for the quarter, compared to analysts expectations of $180.18 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.06 EPS.

Many Wall Street Analysts have commented on Knowles Corp. The Benchmark Company Initiated Knowles Corp on Jun 29, 2016 to “Hold”, Price Target of the shares are set at $15.

Knowles Corporation (Knowles) is a supplier of micro-acoustic solutions and specialty components serving the mobile communications consumer electronics medical technology military aerospace and industrial markets. The Company operates micro-electro-mechanical systems (MEMS) microphones speakers and receivers which are used in smartphones tablets and mobile handsets. The Company’s segments include Mobile Consumer Electronics (MCE) and Specialty Components (SC). MCE includes analog and digital microphones MEMS microphones surface mounted device microphones multi-functional devices and integrated audio sub-systems among others. SC includes transducers oscillators capacitors and filters. The Company is also a manufacturer of transducers used in hearing aids and other medical devices and capacitor components which provide various types of communication. The Company’s wholly owned subsidiary Audience Inc. offers intelligent audio and signal processing solutions.

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