Knowles (NYSE:KN) Rating Increased to Buy at StockNews.com

Knowles (NYSE:KN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other equities research analysts have also recently commented on KN. TheStreet cut shares of Knowles from a “c-” rating to a “d+” rating in a research report on Tuesday, October 24th. Susquehanna dropped their price objective on shares of Knowles from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, October 24th.

Knowles Price Performance

Shares of NYSE KN opened at $16.20 on Friday. The firm has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $16.13. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -8.06 and a beta of 1.47. The company has a quick ratio of 1.90, a current ratio of 3.62 and a debt-to-equity ratio of 0.05. Knowles has a 52 week low of $12.78 and a 52 week high of $20.25.

Insiders Place Their Bets

In other Knowles news, SVP Raymond D. Cabrera sold 5,000 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $15.42, for a total transaction of $77,100.00. Following the completion of the transaction, the senior vice president now owns 84,202 shares of the company’s stock, valued at $1,298,394.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.65% of the stock is currently owned by insiders.

Institutional Trading of Knowles

Hedge funds have recently made changes to their positions in the business. Cerity Partners LLC acquired a new stake in shares of Knowles during the first quarter worth about $821,000. Louisiana State Employees Retirement System raised its holdings in Knowles by 12.9% in the second quarter. Louisiana State Employees Retirement System now owns 48,000 shares of the communications equipment provider’s stock valued at $867,000 after acquiring an additional 5,500 shares in the last quarter. Lindbrook Capital LLC raised its holdings in Knowles by 956.0% in the second quarter. Lindbrook Capital LLC now owns 4,034 shares of the communications equipment provider’s stock valued at $73,000 after acquiring an additional 3,652 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Knowles by 74.1% in the second quarter. Bank of New York Mellon Corp now owns 1,717,137 shares of the communications equipment provider’s stock valued at $31,011,000 after acquiring an additional 730,923 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Knowles in the second quarter valued at approximately $1,138,000. Institutional investors and hedge funds own 96.35% of the company’s stock.

Knowles Company Profile

Knowles Corporation offers micro-acoustic microphones and balanced armature speakers, audio solutions, high performance capacitors, and radio frequency products for the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. It operates through three segments: Precision Devices (PD); Medtech & Specialty Audio (MSA); and Consumer MEMS Microphones (CMM).