American Century Companies Inc. Has $9.18 Million Stock Position in Kimball Electronics, Inc. (NASDAQ:KE)

American Century Companies Inc. increased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 489,896 shares of the electronics maker's stock after buying an additional 56,175 shares during the quarter. American Century Companies Inc. owned 1.98% of Kimball Electronics worth $9,176,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in shares of Kimball Electronics during the 3rd quarter valued at $25,000. Quantbot Technologies LP boosted its position in Kimball Electronics by 995.9% during the third quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker's stock valued at $167,000 after purchasing an additional 8,196 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Kimball Electronics during the third quarter valued at $172,000. SG Americas Securities LLC grew its stake in Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 2,528 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Kimball Electronics in the third quarter valued at about $220,000. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

KE traded up $0.02 during trading on Monday, reaching $13.30. 235,203 shares of the company's stock were exchanged, compared to its average volume of 119,302. The company has a market capitalization of $326.58 million, a P/E ratio of 41.56 and a beta of 1.18. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average price of $16.99 and a 200 day moving average price of $18.12. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45.

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Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. As a group, analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Lake Street Capital lowered their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $22.75.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.