Knowles (NYSE:KN) Downgraded to “Hold” Rating by Craig Hallum

Craig Hallum cut shares of Knowles (NYSE:KN) from a buy rating to a hold rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has $17.00 price target on the communications equipment provider’s stock.

Other analysts have also issued reports about the company. StockNews.com lowered Knowles from a “buy” rating to a “hold” rating in a research note on Saturday, October 26th. Susquehanna reduced their price objective on Knowles from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th.

Knowles Price Performance

KN opened at $18.36 on Friday. Knowles has a 52-week low of $15.00 and a 52-week high of $20.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.35 and a quick ratio of 1.67. The business’s fifty day moving average is $19.56 and its 200-day moving average is $18.47.

Knowles (NYSE:KN) last released its earnings results 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 positive return on equity of 5.16% and a negative net margin of 27.53%.

Institutional Trading of Knowles

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Knowles in the third quarter valued at about $105,000. GAMMA Investing LLC raised its position in Knowles by 37.6% in the third quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 668 shares during the last quarter. CWM LLC raised its position in Knowles by 20.0% in the third quarter. CWM LLC now owns 3,643 shares of the communications equipment provider’s stock valued at $66,000 after purchasing an additional 607 shares during the last quarter. Creative Planning raised its position in Knowles by 9.5% in the third quarter. Creative Planning now owns 162,625 shares of the communications equipment provider’s stock valued at $2,932,000 after purchasing an additional 14,045 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Knowles by 114.6% during the third quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 1,069 shares during the last quarter. 96.35% of the stock is owned by institutional investors and hedge funds.

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).