Knowles (NYSE:KN) Stock Rating Lowered by Craig Hallum

Knowles (NYSE:KN) was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating in a research note issued on Friday, MarketBeat.com reports. They currently have a $17.00 target price on the communications equipment provider’s stock. Craig Hallum’s price objective suggests a potential downside of 7.38% from the stock’s current price.

Several other brokerages have also issued reports on KN. Susquehanna decreased their price target 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. StockNews.com lowered shares of Knowles from a “buy” rating to a “hold” rating in a report on Saturday, October 26th.

Knowles Price Performance

KN stock opened at $18.36 on Friday. The firm has a market cap of $1.62 billion, a P/E ratio of -7.84 and a beta of 1.42. The company has a quick ratio of 1.67, a current ratio of 2.35 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $19.54 and its two-hundred day moving average price is $18.48. Knowles has a 12 month low of $15.00 and a 12 month high of $20.85.

Knowles (NYSE:KN) last announced its quarterly 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). The company had revenue of $142.50 million for the quarter. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%.

Institutional Investors Weigh In On Knowles

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in Knowles by 114.6% during the 3rd 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. EverSource Wealth Advisors LLC grew its holdings in Knowles by 46.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after acquiring an additional 669 shares during the last quarter. GAMMA Investing LLC grew its holdings in Knowles by 37.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock worth $44,000 after acquiring an additional 668 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Knowles during the 3rd quarter worth approximately $52,000. Finally, Sterling Capital Management LLC lifted its position in shares of Knowles by 835.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock worth $55,000 after purchasing an additional 2,448 shares during the period. 96.35% of the stock is owned by 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).