Knowles (NYSE:KN) Upgraded at StockNews.com

StockNews.com upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a report released on Monday morning.

Other analysts also recently issued reports about the stock. Craig Hallum downgraded shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 target price on the stock. in a report on Friday, February 14th. Susquehanna dropped their price objective on shares of Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, October 25th.

Knowles Trading Down 1.3 %

Shares of NYSE KN opened at $18.09 on Monday. Knowles has a twelve month low of $15.00 and a twelve month high of $20.85. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of -6.83 and a beta of 1.42. 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’s fifty day moving average is $19.45 and its 200-day moving average is $18.49.

Knowles (NYSE:KN) last posted its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $142.50 million for the quarter. Knowles had a positive return on equity of 5.52% and a negative net margin of 34.66%.

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently made changes to their positions in the business. Blue Trust Inc. grew its position in Knowles by 114.6% in the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock valued at $35,000 after purchasing an additional 1,069 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Knowles by 46.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock valued at $42,000 after acquiring an additional 669 shares in the last quarter. Sterling Capital Management LLC grew its holdings in shares of Knowles by 835.5% in the 4th 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. Meeder Asset Management Inc. acquired a new stake in shares of Knowles in the third quarter valued at about $52,000. Finally, CWM LLC raised its holdings in Knowles by 20.0% during the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock worth $66,000 after acquiring an additional 607 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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).