Knowles (NYSE:KN) Rating Lowered to “Hold” at StockNews.com

StockNews.com cut shares of Knowles (NYSE:KN) from a buy rating to a hold rating in a report issued on Tuesday.

Separately, Craig Hallum upgraded Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday.

Knowles Price Performance

Shares of NYSE KN opened at $12.88 on Tuesday. The firm’s 50-day simple moving average is $16.59 and its 200 day simple moving average is $18.08. The stock has a market cap of $1.13 billion, a P/E ratio of -4.86 and a beta of 1.41. The company has a quick ratio of 1.23, a current ratio of 1.83 and a debt-to-equity ratio of 0.18. Knowles has a fifty-two week low of $12.19 and a fifty-two week high of $20.86.

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

Institutional Trading of Knowles

Large investors have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC increased its stake in Knowles by 4.3% in the 4th quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider’s stock worth $287,000 after purchasing an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC increased its position 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 worth $42,000 after acquiring an additional 669 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Knowles by 725.6% during the first quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 1,444 shares during the period. Blue Trust Inc. lifted its position in shares of Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after acquiring an additional 1,449 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in Knowles by 2.2% in the 3rd quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider’s stock worth $1,194,000 after purchasing an additional 1,452 shares during the period. 96.35% of the stock is currently owned by institutional investors.

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).