Assenagon Asset Management S.A. Acquires 122,336 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Assenagon Asset Management S.A. lifted its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 80.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,636 shares of the electronics maker's stock after buying an additional 122,336 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.10% of Kimball Electronics worth $6,015,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cardinal Capital Management grew its position in shares of Kimball Electronics by 21.6% in the 2nd quarter. Cardinal Capital Management now owns 78,473 shares of the electronics maker's stock worth $1,725,000 after buying an additional 13,935 shares during the period. Linden Thomas Advisory Services LLC grew its position in Kimball Electronics by 9.6% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 20,913 shares of the electronics maker's stock valued at $460,000 after purchasing an additional 1,839 shares during the last quarter. Janus Henderson Group PLC grew its position in Kimball Electronics by 7.4% during the 1st quarter. Janus Henderson Group PLC now owns 38,235 shares of the electronics maker's stock valued at $828,000 after purchasing an additional 2,650 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Kimball Electronics by 3.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 30,055 shares of the electronics maker's stock valued at $651,000 after purchasing an additional 889 shares during the last quarter. Finally, Gabelli Funds LLC grew its position in Kimball Electronics by 33.6% during the 1st quarter. Gabelli Funds LLC now owns 31,116 shares of the electronics maker's stock valued at $674,000 after purchasing an additional 7,832 shares during the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Performance

Shares of NASDAQ:KE traded down $0.16 during trading on Monday, hitting $18.25. The company's stock had a trading volume of 178,309 shares, compared to its average volume of 115,212. The company has a 50-day moving average of $21.75 and a 200-day moving average of $21.68. Kimball Electronics, Inc. has a 12 month low of $17.29 and a 12 month high of $31.43. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.03 and a quick ratio of 1.12. The firm has a market cap of $453.86 million, a price-to-earnings ratio of 14.26 and a beta of 1.30.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.08). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. The firm had revenue of $430.16 million during the quarter, compared to analysts' expectations of $429.00 million. During the same period in the prior year, the company posted $0.76 earnings per share. On average, sell-side analysts expect that Kimball Electronics, Inc. will post 1.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

KE has been the topic of several recent analyst reports. Sidoti downgraded shares of Kimball Electronics from a "buy" rating to a "neutral" rating and set a $19.00 price objective on the stock. in a research report on Thursday. Lake Street Capital lowered their target price on shares of Kimball Electronics from $25.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday. Cantor Fitzgerald lowered their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an "overweight" rating on the stock in a research note on Friday. B. Riley lowered their target price on shares of Kimball Electronics from $30.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $23.25.

About Kimball Electronics

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.