Martingale Asset Management L P Invests $1.09 Million in Kimball Electronics, Inc. (NASDAQ:KE)

Martingale Asset Management L P bought a new position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 58,071 shares of the electronics maker's stock, valued at approximately $1,088,000. Martingale Asset Management L P owned 0.24% of Kimball Electronics as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS bought a new stake in shares of Kimball Electronics during the 4th quarter valued at $82,000. Point72 Asset Management L.P. purchased a new stake in Kimball Electronics in the 3rd quarter worth $172,000. SG Americas Securities LLC raised its holdings in Kimball Electronics by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 2,528 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Kimball Electronics in the third quarter valued at about $220,000. Finally, AlphaQuest LLC boosted its stake in shares of Kimball Electronics by 358.2% in the fourth quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock worth $285,000 after acquiring an additional 11,901 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of 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 on the stock in a report on Thursday, February 6th. StockNews.com raised shares of Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.75.

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Kimball Electronics Price Performance

Shares of KE traded down $0.14 during mid-day trading on Tuesday, hitting $13.42. 116,562 shares of the stock were exchanged, compared to its average volume of 120,621. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a market cap of $329.53 million, a PE ratio of 41.94 and a beta of 1.18. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The firm has a 50-day moving average of $16.27 and a two-hundred day moving average of $17.87.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, beating the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, equities analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current 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.