Knowles (NYSE:KN) Receives Hold (C-) Rating from Weiss Ratings

Knowles (NYSE:KN)‘s stock had its “hold (c-)” rating restated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other brokerages have also recently issued reports on KN. Craig Hallum increased their target price on shares of Knowles from $20.00 to $22.00 and gave the company a “buy” rating in a report on Friday, July 25th. Wall Street Zen raised shares of Knowles from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 13th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Knowles Stock Up 1.2%

KN opened at $23.67 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.00 and a quick ratio of 1.29. The business has a 50 day simple moving average of $21.70 and a 200-day simple moving average of $18.38. The stock has a market capitalization of $2.03 billion, a P/E ratio of 81.62 and a beta of 1.53. Knowles has a 12 month low of $12.19 and a 12 month high of $24.53.

Insider Activity at Knowles

In other news, VP Air A. Jr. Bastarrica sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $20.94, for a total value of $209,400.00. Following the sale, the vice president directly owned 62,537 shares in the company, valued at $1,309,524.78. This represents a 13.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert J. Perna sold 56,130 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $20.47, for a total transaction of $1,148,981.10. Following the completion of the sale, the senior vice president owned 66,552 shares in the company, valued at $1,362,319.44. This represents a 45.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.54% of the stock is owned by corporate insiders.

Institutional Trading of Knowles

Several large investors have recently modified their holdings of KN. GAMMA Investing LLC grew its position in shares of Knowles by 1,518.9% in the first quarter. GAMMA Investing LLC now owns 45,022 shares of the communications equipment provider’s stock valued at $684,000 after purchasing an additional 42,241 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Knowles during the first quarter worth approximately $326,000. SG Americas Securities LLC boosted its position in Knowles by 50.0% during the first quarter. SG Americas Securities LLC now owns 23,763 shares of the communications equipment provider’s stock worth $361,000 after acquiring an additional 7,925 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Knowles by 46.2% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,881 shares of the communications equipment provider’s stock worth $226,000 after acquiring an additional 4,699 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in Knowles by 38.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,150,158 shares of the communications equipment provider’s stock worth $17,425,000 after acquiring an additional 320,587 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

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).