Knowles (NYSE:KN) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports. Craig Hallum currently has $17.00 price target on the communications equipment provider’s stock.

Separately, StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a report on Monday, February 17th.

Knowles Stock Performance

Shares of NYSE KN opened at $13.08 on Monday. Knowles has a one year low of $12.19 and a one year high of $20.86. The company has a current ratio of 1.83, a quick ratio of 1.23 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $16.84 and a 200 day simple moving average of $18.15. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of -4.93 and a beta of 1.41.

Knowles (NYSE:KN) last issued 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). Knowles had a negative net margin of 34.66% and a positive return on equity of 5.52%. The business had revenue of $142.50 million for the quarter.

Institutional Investors Weigh In On Knowles

A number of hedge funds have recently made changes to their positions in KN. Versant Capital Management Inc boosted its position in Knowles by 725.6% in the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock valued at $25,000 after buying an additional 1,444 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Knowles by 46.9% in the fourth 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 during the last quarter. Sterling Capital Management LLC boosted 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 worth $55,000 after acquiring an additional 2,448 shares in the last quarter. Blue Trust Inc. grew its position in Knowles by 72.4% during the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after acquiring an additional 1,449 shares during the last quarter. Finally, KBC Group NV increased its holdings in Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock valued at $97,000 after purchasing an additional 1,947 shares in the last quarter. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Company Profile

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).