Avantax Advisory Services Inc. Has $1.04 Million Stock Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Key Points

• Avantax Advisory Services Inc. increased its stake in Kimball Electronics, Inc. by 81.8%, owning approximately 63,392 shares valued at $1.04 million after acquiring an additional 28,521 shares in Q1.
• The company reported a quarterly earnings per share of $0.27, exceeding the consensus estimate of $0.26, alongside revenue of $374.61 million, surpassing expectations by $36 million.
• Wall Street Zen upgraded Kimball Electronics from a "hold" to a "buy" rating, with a consensus rating of "Moderate Buy" and an average target price of $22.75.

Avantax Advisory Services Inc. grew its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 81.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,392 shares of the electronics maker's stock after buying an additional 28,521 shares during the quarter. Avantax Advisory Services Inc. owned approximately 0.26% of Kimball Electronics worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KE. GAMMA Investing LLC boosted its holdings in Kimball Electronics by 3,256.0% in the first quarter. GAMMA Investing LLC now owns 4,195 shares of the electronics maker's stock valued at $69,000 after acquiring an additional 4,070 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Kimball Electronics in the fourth quarter valued at about $82,000. Aquatic Capital Management LLC boosted its holdings in Kimball Electronics by 211.6% in the fourth quarter. Aquatic Capital Management LLC now owns 8,726 shares of the electronics maker's stock valued at $163,000 after acquiring an additional 5,926 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Kimball Electronics in the first quarter valued at about $200,000. Finally, Graham Capital Management L.P. bought a new position in Kimball Electronics in the fourth quarter valued at about $201,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

NASDAQ:KE opened at $18.26 on Friday. The stock has a fifty day moving average price of $19.11 and a 200-day moving average price of $17.44. The company has a market cap of $445.18 million, a price-to-earnings ratio of 25.72 and a beta of 1.22. 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, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $21.90.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share 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 business had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. As a group, equities analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

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 given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $22.75.

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, 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.

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