Hotchkis & Wiley Capital Management LLC Trims Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Hotchkis & Wiley Capital Management LLC lessened its stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 28.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300,010 shares of the electronics maker's stock after selling 117,850 shares during the period. Hotchkis & Wiley Capital Management LLC owned 1.22% of Kimball Electronics worth $5,553,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in KE. nVerses Capital LLC acquired a new stake in Kimball Electronics in the third quarter valued at approximately $48,000. Quest Partners LLC acquired a new stake in shares of Kimball Electronics during the third quarter worth $61,000. SG Americas Securities LLC grew its holdings in shares of Kimball Electronics by 78.5% during the third quarter. SG Americas Securities LLC now owns 8,755 shares of the electronics maker's stock valued at $162,000 after buying an additional 3,849 shares during the last quarter. Quantbot Technologies LP increased its position in shares of Kimball Electronics by 995.9% in the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker's stock valued at $167,000 after acquiring an additional 8,196 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in Kimball Electronics in the 2nd quarter worth $210,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Trading Down 0.5 %

Kimball Electronics stock traded down $0.10 during mid-day trading on Friday, hitting $19.07. The company's stock had a trading volume of 106,965 shares, compared to its average volume of 115,063. Kimball Electronics, Inc. has a 1 year low of $16.64 and a 1 year high of $27.73. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $470.65 million, a PE ratio of 37.39 and a beta of 1.25. The stock's fifty day moving average is $18.76 and its two-hundred day moving average is $20.05.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The electronics maker reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $374.26 million for the quarter, compared to analyst estimates 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 earned $0.43 EPS. On average, analysts anticipate that Kimball Electronics, Inc. will post 0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Lake Street Capital dropped their target price on Kimball Electronics from $25.00 to $23.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Sidoti downgraded shares of Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price target for the company. in a research report on Thursday, August 15th. B. Riley lowered their price objective on Kimball Electronics from $30.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, August 15th. Cantor Fitzgerald reduced their target price on Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating for the company in a report on Friday, August 16th. Finally, EF Hutton Acquisition Co. I lowered Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $23.25.

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.