Knowles (NYSE:KN) Lifted to “Buy” at StockNews.com

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

Several other research analysts also recently commented on the company. Susquehanna reduced their price objective on Knowles from $16.00 to $15.00 and set a neutral rating for the company in a research note on Tuesday, October 24th. TheStreet cut Knowles from a c- rating to a d+ rating in a report on Tuesday, October 24th.

Knowles Trading Up 0.1 %

Shares of NYSE:KN opened at $16.20 on Friday. Knowles has a 1 year low of $12.78 and a 1 year high of $20.25. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -8.06 and a beta of 1.47. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.62 and a quick ratio of 1.90. The business’s 50 day moving average price is $14.51 and its 200-day moving average price is $16.13.

Insider Buying and Selling at Knowles

In other Knowles news, SVP Raymond D. Cabrera sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $15.42, for a total value of $77,100.00. Following the completion of the sale, the senior vice president now owns 84,202 shares in the company, valued at $1,298,394.84. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of KN. Citigroup Inc. grew its holdings in Knowles by 16.5% in the first quarter. Citigroup Inc. now owns 82,435 shares of the communications equipment provider’s stock valued at $1,775,000 after purchasing an additional 11,686 shares during the last quarter. Natixis Advisors L.P. lifted its position in Knowles by 13.6% during the first quarter. Natixis Advisors L.P. now owns 27,587 shares of the communications equipment provider’s stock worth $594,000 after buying an additional 3,297 shares during the period. MetLife Investment Management LLC lifted its position in Knowles by 57.0% during the first quarter. MetLife Investment Management LLC now owns 48,592 shares of the communications equipment provider’s stock worth $1,046,000 after buying an additional 17,641 shares during the period. Rhumbline Advisers lifted its position in Knowles by 1.9% during the first quarter. Rhumbline Advisers now owns 258,981 shares of the communications equipment provider’s stock worth $5,576,000 after buying an additional 4,819 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Knowles by 13.4% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 79,152 shares of the communications equipment provider’s stock worth $1,704,000 after buying an additional 9,357 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

About Knowles

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).