Craig Hallum Downgrades Knowles (NYSE:KN) to Hold

Craig Hallum downgraded shares of Knowles (NYSE:KN - Free Report) from a buy rating to a hold rating in a report issued on Friday, Marketbeat.com reports. They currently have $17.00 price target on the communications equipment provider's stock.

Several other equities analysts have also weighed in on the company. 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. StockNews.com lowered Knowles from a "buy" rating to a "hold" rating in a research report on Saturday, October 26th.

Knowles Trading Up 0.3 %

KN traded up $0.06 during midday trading on Friday, hitting $18.35. The company's stock had a trading volume of 1,030,369 shares, compared to its average volume of 628,173. The company has a current ratio of 2.35, a quick ratio of 1.67 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.62 billion, a P/E ratio of -7.84 and a beta of 1.42. The firm has a 50-day moving average price of $19.51 and a two-hundred day moving average price of $18.48. Knowles has a 52-week low of $15.00 and a 52-week high of $20.85.

Knowles (NYSE:KN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The communications equipment provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $142.50 million during the quarter. Knowles had a negative net margin of 27.53% and a positive return on equity of 5.16%.

Hedge Funds Weigh In On Knowles

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Knowles during the 4th quarter worth approximately $28,798,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Knowles by 11.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 222,730 shares of the communications equipment provider's stock valued at $4,439,000 after purchasing an additional 22,315 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Knowles in the 4th quarter valued at approximately $251,000. Teza Capital Management LLC acquired a new position in shares of Knowles in the 4th quarter valued at approximately $227,000. Finally, ProShare Advisors LLC raised its position in shares of Knowles by 44.3% in the 4th quarter. ProShare Advisors LLC now owns 26,237 shares of the communications equipment provider's stock valued at $523,000 after purchasing an additional 8,061 shares in 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).