Assenagon Asset Management S.A. Has $3.16 Million Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Assenagon Asset Management S.A. lowered its stake in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 23.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,873 shares of the electronics maker's stock after selling 57,932 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.78% of Kimball Electronics worth $3,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of Kimball Electronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker's stock valued at $1,533,000 after purchasing an additional 3,939 shares in the last quarter. Cardinal Capital Management boosted its holdings in shares of Kimball Electronics by 2.7% during the fourth quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker's stock worth $1,728,000 after purchasing an additional 2,459 shares during the period. Victory Capital Management Inc. grew its position in Kimball Electronics by 2.5% during the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker's stock valued at $1,212,000 after purchasing an additional 1,555 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Kimball Electronics during the fourth quarter valued at approximately $397,000. Finally, AlphaQuest LLC increased its stake in Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock valued at $285,000 after buying an additional 11,901 shares during the period. Institutional investors and hedge funds own 75.99% of the company's stock.

Kimball Electronics Stock Down 1.2%

Shares of Kimball Electronics stock traded down $0.23 during midday trading on Thursday, reaching $18.92. 153,812 shares of the company's stock traded hands, compared to its average volume of 136,922. The company has a market cap of $461.27 million, a price-to-earnings ratio of 26.65 and a beta of 1.19. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45. The company's 50 day simple moving average is $16.70 and its 200 day simple moving average is $17.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.24 and a current ratio of 2.14.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.17% and a net margin of 1.17%. The company had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. Equities analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $22.75.

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.