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

Knowles (NYSE:KN) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Separately, Craig Hallum raised Knowles from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, April 7th.

Knowles Trading Up 2.7 %

Shares of Knowles stock opened at $16.08 on Thursday. 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 stock has a fifty day simple moving average of $15.56 and a 200 day simple moving average of $17.80. Knowles has a 12-month low of $12.19 and a 12-month high of $20.86. The company has a market capitalization of $1.41 billion, a P/E ratio of -6.07 and a beta of 1.41.

Knowles (NYSE:KN) last announced its earnings results on Thursday, February 13th. The communications equipment provider reported $0.22 EPS 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 firm had revenue of $142.50 million during the quarter.

Institutional Trading of Knowles

A number of large investors have recently bought and sold shares of KN. Quadrant Capital Group LLC boosted its holdings in Knowles by 4.3% in the fourth quarter. Quadrant Capital Group LLC now owns 14,417 shares of the communications equipment provider’s stock worth $287,000 after acquiring an additional 588 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Knowles by 46.9% during 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 in the last quarter. Versant Capital Management Inc raised its position in shares of Knowles by 725.6% in the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 1,444 shares during the last quarter. Blue Trust Inc. boosted its stake in Knowles by 72.4% in the 4th quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock worth $69,000 after purchasing an additional 1,449 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Knowles by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 49,477 shares of the communications equipment provider’s stock valued at $986,000 after purchasing an additional 1,844 shares during the last quarter. 96.35% of the stock is owned by hedge funds and other 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).