D. E. Shaw & Co. Inc. Raises Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

D. E. Shaw & Co. Inc. increased its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 37.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 145,602 shares of the electronics maker's stock after purchasing an additional 39,743 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.59% of Kimball Electronics worth $2,727,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new stake in shares of Kimball Electronics in the fourth quarter valued at approximately $82,000. Aquatic Capital Management LLC grew its position 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 worth $163,000 after acquiring an additional 5,926 shares during the period. SG Americas Securities LLC grew its position in Kimball Electronics by 28.9% in the fourth 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 period. AlphaQuest LLC grew its position in Kimball Electronics by 358.2% in the fourth quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock worth $285,000 after acquiring an additional 11,901 shares during the period. Finally, MetLife Investment Management LLC grew its position in Kimball Electronics by 18.8% in the fourth quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock worth $305,000 after acquiring an additional 2,580 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Lake Street Capital decreased their price target on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Wall Street Zen upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Up 0.7%

Kimball Electronics stock traded up $0.12 during midday trading on Thursday, reaching $17.64. The company's stock had a trading volume of 182,262 shares, compared to its average volume of 127,053. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a market cap of $430.06 million, a P/E ratio of 55.13 and a beta of 1.11. The business has a 50-day simple moving average of $15.57 and a 200-day simple moving average of $17.50.

Kimball Electronics (NASDAQ:KE - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The company had revenue of $374.61 million for the quarter, compared to analysts' expectations of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, research analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

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.