Knowles (NYSE:KN) Stock Rating Upgraded by Wall Street Zen

Knowles (NYSE:KN - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

KN has been the subject of several other research reports. Robert W. Baird boosted their price objective on shares of Knowles from $18.00 to $22.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Craig Hallum raised shares of 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 Price Performance

Shares of NYSE KN opened at $18.23 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.02 and a quick ratio of 1.30. The company has a market cap of $1.59 billion, a price-to-earnings ratio of -6.75 and a beta of 1.41. The stock's 50-day moving average is $16.94 and its two-hundred day moving average is $17.24. Knowles has a 1-year low of $12.19 and a 1-year high of $20.86.

Knowles (NYSE:KN - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The communications equipment provider reported $0.18 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.18. Knowles had a negative net margin of 38.96% and a positive return on equity of 6.35%. The company had revenue of $132.20 million during the quarter, compared to the consensus estimate of $128.95 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The firm's quarterly revenue was down .8% on a year-over-year basis.

Insider Buying and Selling at Knowles

In other news, SVP Raymond D. Cabrera sold 5,545 shares of Knowles stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $17.25, for a total value of $95,651.25. Following the transaction, the senior vice president directly owned 111,286 shares of the company's stock, valued at $1,919,683.50. The trade was a 4.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.54% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc raised its position in Knowles by 725.6% during the 1st quarter. Versant Capital Management Inc now owns 1,643 shares of the communications equipment provider's stock worth $25,000 after buying an additional 1,444 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 worth $42,000 after acquiring an additional 669 shares during the period. Sterling Capital Management LLC raised its holdings in Knowles by 835.5% during the fourth 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 in the last quarter. Meeder Asset Management Inc. raised its stake in shares of Knowles by 47.0% during the 1st quarter. Meeder Asset Management Inc. now owns 3,703 shares of the communications equipment provider's stock worth $56,000 after buying an additional 1,184 shares in the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Knowles during the 1st quarter worth approximately $106,000. 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).

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