Massachusetts Financial Services Co. MA Invests $1.15 Million in Kimball Electronics, Inc. (NASDAQ:KE)

Massachusetts Financial Services Co. MA bought a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 61,247 shares of the electronics maker's stock, valued at approximately $1,147,000. Massachusetts Financial Services Co. MA owned about 0.25% of Kimball Electronics at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in KE. Point72 DIFC Ltd bought a new position in Kimball Electronics during the third quarter valued at $25,000. KLP Kapitalforvaltning AS purchased a new position in shares of Kimball Electronics during the 4th quarter valued at $82,000. Point72 Asset Management L.P. bought a new position in shares of Kimball Electronics during the 3rd quarter worth $172,000. SG Americas Securities LLC increased its holdings in 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Kimball Electronics in the 3rd quarter valued at about $220,000. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

Shares of Kimball Electronics stock traded down $0.04 on Monday, reaching $13.51. The stock had a trading volume of 16,228 shares, compared to its average volume of 136,933. The business's 50 day moving average is $16.44 and its two-hundred day moving average is $17.94. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $24.45. The company has a market cap of $331.62 million, a P/E ratio of 42.20 and a beta of 1.18.

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Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on KE. StockNews.com upgraded shares of Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Lake Street Capital reduced their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Kimball Electronics currently has an average rating of "Moderate Buy" and an average price target of $22.75.

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.