Connor Clark & Lunn Investment Management Ltd. Has $178,000 Stock Holdings in Kimball Electronics, Inc. $KE

Key Points

• Connor Clark & Lunn Investment Management Ltd. significantly reduced its stake in Kimball Electronics by 81.2%, selling 46,692 shares and now holding 10,795 shares valued at $178,000.
• Several large investors, including Charles Schwab Investment Management and Avantax Advisory Services, increased their holdings in Kimball Electronics during the first quarter, indicating potential investor confidence.
• B. Riley and Lake Street Capital both issued "buy" ratings for Kimball Electronics, with Lake Street increasing the target price from $21.00 to $28.00, reflecting a positive outlook on the stock.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 81.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,795 shares of the electronics maker's stock after selling 46,692 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Kimball Electronics were worth $178,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kimball Electronics by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker's stock worth $263,000 after acquiring an additional 608 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in Kimball Electronics by 2.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 36,888 shares of the electronics maker's stock worth $607,000 after acquiring an additional 791 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Kimball Electronics by 3.7% during the 4th quarter. BNP Paribas Financial Markets now owns 28,937 shares of the electronics maker's stock worth $542,000 after acquiring an additional 1,039 shares during the last quarter. Sherbrooke Park Advisers LLC boosted its stake in shares of Kimball Electronics by 8.2% in the 4th quarter. Sherbrooke Park Advisers LLC now owns 20,006 shares of the electronics maker's stock valued at $375,000 after purchasing an additional 1,516 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in shares of Kimball Electronics by 17.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock valued at $204,000 after purchasing an additional 1,584 shares during the last quarter. Institutional investors own 75.99% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KE shares. Lake Street Capital raised their target price on shares of Kimball Electronics from $21.00 to $28.00 and gave the company a "buy" rating in a research note on Friday, August 15th. B. Riley reaffirmed a "buy" rating on shares of Kimball Electronics in a research note on Thursday, August 14th. Finally, Wall Street Zen lowered shares of Kimball Electronics from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $28.00.

Kimball Electronics Trading Up 0.2%

Shares of NASDAQ:KE traded up $0.06 during mid-day trading on Tuesday, reaching $28.71. The stock had a trading volume of 183,716 shares, compared to its average volume of 259,015. The firm has a market cap of $699.95 million, a PE ratio of 42.85 and a beta of 1.22. The firm has a 50 day simple moving average of $20.85 and a two-hundred day simple moving average of $18.07. The company has a current ratio of 2.20, a quick ratio of 1.24 and a debt-to-equity ratio of 0.23. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $28.99.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The electronics maker reported $0.34 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.14. The business had revenue of $380.47 million for the quarter, compared to the consensus estimate of $333.19 million. Kimball Electronics had a net margin of 1.14% and a return on equity of 5.11%. Kimball Electronics has set its FY 2025 guidance at EPS. On average, research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS 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.