Knowles (NYSE:KN) Upgraded at Craig Hallum

Craig Hallum upgraded shares of Knowles (NYSE:KN) from a hold rating to a buy rating in a report issued on Monday, MarketBeat reports. Craig Hallum currently has $17.00 price objective on the communications equipment provider’s stock.

Separately, StockNews.com raised Knowles from a “hold” rating to a “buy” rating in a research report on Monday, February 17th.

Knowles Stock Performance

NYSE:KN opened at $15.12 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.23 and a current ratio of 1.83. Knowles has a fifty-two week low of $12.19 and a fifty-two week high of $20.86. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -5.71 and a beta of 1.41. The stock has a fifty day moving average price of $16.43 and a 200-day moving average price of $18.04.

Knowles (NYSE:KN) last announced its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $142.50 million during the quarter.

Institutional Investors Weigh In On Knowles

Several large investors have recently added to or reduced their stakes in KN. Versant Capital Management Inc boosted its holdings in shares of 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 in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Knowles by 46.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,095 shares of the communications equipment provider’s stock worth $42,000 after purchasing an additional 669 shares during the period. Sterling Capital Management LLC increased its stake in Knowles by 835.5% in the fourth quarter. Sterling Capital Management LLC now owns 2,741 shares of the communications equipment provider’s stock valued at $55,000 after purchasing an additional 2,448 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Knowles by 72.4% during the fourth quarter. Blue Trust Inc. now owns 3,451 shares of the communications equipment provider’s stock valued at $69,000 after purchasing an additional 1,449 shares during the period. Finally, KBC Group NV boosted its position in shares of Knowles by 66.6% during the 4th quarter. KBC Group NV now owns 4,869 shares of the communications equipment provider’s stock worth $97,000 after purchasing an additional 1,947 shares in the last quarter. Institutional investors and hedge funds 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).