StockNews.com Downgrades Knowles (NYSE:KN) to Hold

Knowles (NYSE:KN - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Thursday.

Separately, Susquehanna upped their price target on shares of Knowles from $15.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, July 17th.

Knowles Price Performance

Shares of KN stock traded down $0.11 during trading hours on Thursday, reaching $17.24. The stock had a trading volume of 477,792 shares, compared to its average volume of 581,615. Knowles has a 12 month low of $12.78 and a 12 month high of $19.73. The firm has a market capitalization of $1.55 billion, a PE ratio of 19.59 and a beta of 1.42. The company has a current ratio of 2.36, a quick ratio of 1.30 and a debt-to-equity ratio of 0.28. The stock's fifty day simple moving average is $17.49 and its 200 day simple moving average is $17.22.

Knowles (NYSE:KN - Get Free Report) last announced its earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.16). The company had revenue of $204.70 million for the quarter. Knowles had a negative net margin of 24.36% and a positive return on equity of 5.39%.

Insider Activity at Knowles

In related news, Director Keith Barnes sold 6,725 shares of the company's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the sale, the director now directly owns 86,192 shares in the company, valued at $1,541,112.96. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Knowles news, CFO John S. Anderson sold 10,444 shares of the company's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.50, for a total value of $193,214.00. Following the completion of the transaction, the chief financial officer now directly owns 211,200 shares in the company, valued at approximately $3,907,200. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Keith Barnes sold 6,725 shares of the company's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $17.88, for a total transaction of $120,243.00. Following the completion of the transaction, the director now owns 86,192 shares of the company's stock, valued at $1,541,112.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 29,748 shares of company stock worth $530,948 in the last three months. 2.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in shares of Knowles in the 2nd quarter worth about $30,000. Quarry LP bought a new position in shares of Knowles in the 2nd quarter worth about $39,000. GAMMA Investing LLC increased its stake in shares of Knowles by 37.6% in 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 in the last quarter. Innealta Capital LLC bought a new position in shares of Knowles in the 2nd quarter worth about $46,000. Finally, CWM LLC increased its stake in shares of Knowles by 38.0% in the 2nd quarter. CWM LLC now owns 3,036 shares of the communications equipment provider's stock worth $52,000 after acquiring an additional 836 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

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).

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