129,875 Shares in Kimball Electronics, Inc. $KE Bought by Man Group plc

Key Points

• Man Group plc acquired 129,875 shares of Kimball Electronics during the second quarter, worth approximately $3.3 million and representing about 0.54% of the company. Institutional investors and hedge funds collectively own 75.99% of the stock.
• Kimball Electronics reported a quarterly loss of $0.01 per share, missing analyst expectations of $0.39, while revenue of $371.57 million was slightly below estimates.
• The stock opened at $23.62, compared with a consensus analyst price target of $32.00. Analysts maintain a “Moderate Buy” consensus, though recent ratings range from Strong Buy to Hold.

Man Group plc purchased a new stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 129,875 shares of the electronics maker's stock, valued at approximately $3,325,000. Man Group plc owned approximately 0.54% of Kimball Electronics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hsbc Holdings PLC purchased a new stake in shares of Kimball Electronics during the second quarter worth approximately $519,000. Canada Pension Plan Investment Board acquired a new position in Kimball Electronics during the 2nd quarter worth approximately $671,000. Legal & General Group Plc purchased a new stake in shares of Kimball Electronics in the 2nd quarter valued at approximately $119,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Kimball Electronics in the 2nd quarter valued at $817,000. Finally, Pinnacle Holdings LLC acquired a new stake in shares of Kimball Electronics in the 2nd quarter valued at $1,704,000. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

NASDAQ KE opened at $23.62 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. Kimball Electronics, Inc. has a 1 year low of $21.01 and a 1 year high of $33.19. The company has a market capitalization of $566.17 million, a PE ratio of 20.90, a P/E/G ratio of 0.99 and a beta of 1.23. The company has a fifty day moving average of $24.83 and a two-hundred day moving average of $25.00.

Kimball Electronics (NASDAQ:KE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.41% and a net margin of 1.95%.The firm had revenue of $371.57 million for the quarter, compared to analysts' expectations of $373.63 million. As a group, analysts expect that Kimball Electronics, Inc. will post 1.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. KeyCorp assumed coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They set a "sector weight" rating for the company. Zacks Research upgraded Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Kimball Electronics in a research report on Tuesday, August 4th. Finally, Wall Street Zen downgraded Kimball Electronics from a "buy" rating to a "hold" rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kimball Electronics presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company's core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.

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