Janus Henderson Group PLC Sells 42,225 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Janus Henderson Group PLC reduced its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 79.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,911 shares of the electronics maker's stock after selling 42,225 shares during the period. Janus Henderson Group PLC's holdings in Kimball Electronics were worth $202,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dynamic Technology Lab Private Ltd increased its holdings in Kimball Electronics by 289.1% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker's stock worth $658,000 after purchasing an additional 26,402 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Kimball Electronics by 11.0% in the third quarter. Assenagon Asset Management S.A. now owns 303,629 shares of the electronics maker's stock valued at $5,620,000 after buying an additional 29,993 shares during the period. American Century Companies Inc. raised its position in shares of Kimball Electronics by 39.7% during the second quarter. American Century Companies Inc. now owns 198,560 shares of the electronics maker's stock worth $4,364,000 after purchasing an additional 56,468 shares during the period. BNP Paribas Financial Markets raised its position in shares of Kimball Electronics by 271.3% during the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker's stock worth $516,000 after purchasing an additional 20,385 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Kimball Electronics during the second quarter worth $210,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Kimball Electronics Stock Down 1.6 %

NASDAQ:KE traded down $0.31 during trading hours on Monday, hitting $18.62. 124,548 shares of the company's stock traded hands, compared to its average volume of 115,319. The firm has a market cap of $459.56 million, a P/E ratio of 37.12 and a beta of 1.25. Kimball Electronics, Inc. has a twelve month low of $16.64 and a twelve month high of $27.73. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The stock's fifty day moving average price is $18.91 and its two-hundred day moving average price is $19.87.

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

Kimball Electronics Company 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.