Should You Sell Knowles Corporation (KN) Now?

Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” fourth-quarter 2022 investor letter, a copy of which can be downloaded here. In the fourth quarter, the fund delivered a 10.36% net return compared to an 8.42% return for the Russell 2000 Value Index and a 9.21% return for the Russell 2500 Value Index. Health Care was the significant contributor to the fund’s performance in the quarter, while Materials detracted from the performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Bernzott Capital Advisors highlighted stocks like Knowles Corporation (NYSE:KN) in the Q4 2022 investor letter. Headquartered in Itasca, Illinois, Knowles Corporation (NYSE:KN) is a micro-acoustic microphone and balanced armature speakers, audio solutions, high-performance capacitors, and radio frequency products provider. On January 23, 2023, Knowles Corporation (NYSE:KN) stock closed at $18.94 per share. One-month return of Knowles Corporation (NYSE:KN) was 16.55%, and its shares lost 13.08% of their value over the last 52 weeks. Knowles Corporation (NYSE:KN) has a market capitalization of $1.723 billion.

Bernzott Capital Advisors made the following comment about Knowles Corporation (NYSE:KN) in its Q4 2022 investor letter:

“Knowles Corporation (NYSE:KN): The stock fell due to disappointing earnings which had several culprits, including slowing consumer electronics demand, excess inventory, and margin pressure from certain customers. The company embarked on a modest restructuring program, and we exited the position.”

Knowles Corporation (NYSE:KN) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 21 hedge fund portfolios held Knowles Corporation (NYSE:KN) at the end of the third quarter which was 11 in the previous quarter.

We discussed Knowles Corporation (NYSE:KN) in another article and shared the list of hearing aid companies and brands in the world. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

• 10 Dirt Cheap Stocks To Buy
• 13 Cheap New Stocks To Buy
• 11 Tech Stocks with Low PE Ratio

Disclosure: None. This article is originally published at Insider Monkey.