Barclays PLC Increases Stock Position in Kimball Electronics, Inc. (NASDAQ:KE)

Barclays PLC boosted its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 96.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,749 shares of the electronics maker's stock after acquiring an additional 32,271 shares during the quarter. Barclays PLC owned 0.27% of Kimball Electronics worth $1,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Kimball Electronics by 0.7% during the third quarter. Geode Capital Management LLC now owns 577,229 shares of the electronics maker's stock worth $10,686,000 after purchasing an additional 4,044 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in shares of Kimball Electronics during the third quarter worth $220,000. State Street Corp lifted its holdings in shares of Kimball Electronics by 1.4% during the third quarter. State Street Corp now owns 565,069 shares of the electronics maker's stock worth $10,459,000 after purchasing an additional 7,864 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Kimball Electronics during the third quarter worth $25,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Kimball Electronics during the third quarter worth $172,000. Institutional investors own 75.99% of the company's stock.

Kimball Electronics Trading Down 0.7 %

KE stock traded down $0.13 during midday trading on Tuesday, hitting $18.38. The stock had a trading volume of 27,242 shares, compared to its average volume of 86,011. The business has a fifty day moving average price of $19.19 and a two-hundred day moving average price of $19.36. Kimball Electronics, Inc. has a 1-year low of $16.64 and a 1-year high of $25.22. The firm has a market cap of $453.64 million, a P/E ratio of 36.04 and a beta of 1.25. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Monday, November 4th. The electronics maker reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $374.26 million during the quarter, compared to the consensus estimate of $376.70 million. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. During the same period in the previous year, the firm posted $0.43 earnings per share. On average, sell-side analysts predict that Kimball Electronics, Inc. will post 0.96 earnings per share for the current fiscal year.

Kimball Electronics Profile

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.