Knowles (NYSE:KN) Rating Increased to Buy at StockNews.com

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

KN has been the topic of several other reports. Susquehanna decreased 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. Craig Hallum lowered shares of Knowles from a “buy” rating to a “hold” rating and set a $17.00 price target on the stock. in a research note on Friday, February 14th.

Knowles Stock Down 1.3 %

Knowles stock opened at $18.09 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.23. The company’s 50-day moving average is $19.45 and its 200-day moving average is $18.49. The firm has a market capitalization of $1.59 billion, a PE ratio of -6.83 and a beta of 1.42. Knowles has a fifty-two week low of $15.00 and a fifty-two week high of $20.85.

Knowles (NYSE:KN) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (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 business had revenue of $142.50 million during the quarter.

Institutional Trading of Knowles

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Knowles during the 4th quarter worth approximately $28,798,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Knowles by 11.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,730 shares of the communications equipment provider’s stock worth $4,439,000 after buying an additional 22,315 shares in the last quarter. Squarepoint Ops LLC bought a new position in Knowles during the 4th quarter worth $251,000. Teza Capital Management LLC acquired a new position in Knowles in the 4th quarter valued at $227,000. Finally, ProShare Advisors LLC lifted its position in shares of Knowles by 44.3% during the 4th quarter. ProShare Advisors LLC now owns 26,237 shares of the communications equipment provider’s stock valued at $523,000 after acquiring an additional 8,061 shares during the period. Institutional investors and hedge funds own 96.35% of the company’s stock.

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).