Knowles (NYSE:KN) PT Lowered to $19.00 at Susquehanna

Knowles (NYSE:KN) had its price objective trimmed by Susquehanna from $20.00 to $19.00 in a report issued on Friday, Benzinga reports. The firm currently has a neutral rating on the communications equipment provider’s stock.

A number of other brokerages also recently weighed in on KN. Craig Hallum raised shares of Knowles to a “strong-buy” rating in a report on Wednesday, October 16th. StockNews.com raised shares of Knowles from a “hold” rating to a “buy” rating in a research report on Friday, October 18th.

Knowles Stock Up 2.6 %

Shares of KN traded up $0.44 during trading hours on Friday, reaching $17.66. 661,067 shares of the stock traded hands, compared to its average volume of 557,681. Knowles has a 52 week low of $12.78 and a 52 week high of $19.73. The stock has a fifty day simple moving average of $17.59 and a 200 day simple moving average of $17.35. 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 company has a market cap of $1.56 billion, a price-to-earnings ratio of -8.14 and a beta of 1.42.

Knowles (NYSE:KN) last issued its quarterly earnings results on Wednesday, July 31st. The communications equipment provider reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.16). The business had revenue of $204.70 million for the quarter. Knowles had a positive return on equity of 5.39% and a negative net margin of 24.36%.

Insider Transactions at Knowles

In related news, Director Keith Barnes sold 6,725 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now directly owns 86,192 shares in the company, valued at approximately $1,541,112.96. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO John S. Anderson sold 10,444 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was 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 of the company’s stock, valued at $3,907,200. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Keith Barnes sold 6,725 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $17.88, for a total value of $120,243.00. Following the sale, the director now owns 86,192 shares in the company, valued at approximately $1,541,112.96. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,748 shares of company stock worth $530,948. 2.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Quest Partners LLC purchased a new stake in shares of Knowles in the second quarter worth about $30,000. Blue Trust Inc. increased its holdings in Knowles by 114.6% during the 3rd quarter. Blue Trust Inc. now owns 2,002 shares of the communications equipment provider’s stock worth $35,000 after acquiring an additional 1,069 shares during the period. Quarry LP purchased a new stake in Knowles in the 2nd quarter worth approximately $39,000. GAMMA Investing LLC boosted its holdings in Knowles by 37.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,445 shares of the communications equipment provider’s stock valued at $44,000 after purchasing an additional 668 shares during the period. Finally, Innealta Capital LLC purchased a new position in shares of Knowles during the 2nd quarter valued at $46,000. Institutional investors 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).