Envestnet Asset Management Inc. cut its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 233,341 shares of the electronics maker's stock after selling 24,165 shares during the period. Envestnet Asset Management Inc. owned 0.95% of Kimball Electronics worth $4,370,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KE. KLP Kapitalforvaltning AS bought a new stake in Kimball Electronics during the fourth quarter worth $82,000. SG Americas Securities LLC grew its stake in shares of Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock worth $211,000 after acquiring an additional 2,528 shares in the last quarter. AlphaQuest LLC lifted its position in shares of Kimball Electronics by 358.2% during the fourth quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock valued at $285,000 after purchasing an additional 11,901 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Kimball Electronics during the fourth quarter worth about $397,000. Finally, ExodusPoint Capital Management LP grew its position in Kimball Electronics by 4.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after purchasing an additional 979 shares in the last quarter. 75.99% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on KE. Lake Street Capital decreased their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research report 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $22.75.
Read Our Latest Analysis on Kimball Electronics
Kimball Electronics Stock Performance
NASDAQ:KE opened at $13.83 on Thursday. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The business has a fifty day simple moving average of $15.85 and a two-hundred day simple moving average of $17.69. The company has a market capitalization of $339.60 million, a P/E ratio of 43.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29.
Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.
About Kimball Electronics
(
Free Report)
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.
Further Reading
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