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

StockNews.com downgraded shares of Knowles (NYSE:KN) from a buy rating to a hold rating in a research report report published on Tuesday morning.

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 Trading Down 3.3 %

KN opened at $14.58 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -5.50 and a beta of 1.41. Knowles has a 52 week low of $12.19 and a 52 week high of $20.86. The business’s 50 day moving average is $16.36 and its two-hundred day moving average is $18.02. 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 (NYSE:KN) last released its quarterly 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 business had revenue of $142.50 million during the quarter.

Hedge Funds Weigh In On Knowles

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets raised its holdings in Knowles by 74.6% during the third quarter. BNP Paribas Financial Markets now owns 31,166 shares of the communications equipment provider’s stock worth $562,000 after purchasing an additional 13,320 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Knowles by 11.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 200,415 shares of the communications equipment provider’s stock worth $3,613,000 after purchasing an additional 20,663 shares during the period. Verition Fund Management LLC purchased a new position in shares of Knowles during the 3rd quarter worth approximately $227,000. Wellington Management Group LLP lifted its holdings in shares of Knowles by 33.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,392,668 shares of the communications equipment provider’s stock valued at $43,140,000 after buying an additional 594,484 shares during the period. Finally, National Bank of Canada FI boosted its stake in shares of Knowles by 2.2% in the third quarter. National Bank of Canada FI now owns 66,201 shares of the communications equipment provider’s stock valued at $1,194,000 after buying an additional 1,452 shares in the last quarter. Hedge funds and other institutional investors 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).