Two Sigma Investments LP Buys 23,168 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Two Sigma Investments LP boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 37.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,364 shares of the electronics maker's stock after buying an additional 23,168 shares during the quarter. Two Sigma Investments LP owned 0.35% of Kimball Electronics worth $1,599,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership grew its position in Kimball Electronics by 239.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker's stock worth $3,753,000 after purchasing an additional 141,411 shares in the last quarter. Vanguard Group Inc. grew its position in Kimball Electronics by 5.0% during the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock worth $36,440,000 after purchasing an additional 92,166 shares in the last quarter. JPMorgan Chase & Co. grew its position in Kimball Electronics by 142.1% during the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker's stock worth $2,120,000 after purchasing an additional 66,444 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in Kimball Electronics during the 4th quarter worth approximately $1,147,000. Finally, Martingale Asset Management L P purchased a new position in Kimball Electronics during the 4th quarter worth approximately $1,088,000. Institutional investors and hedge funds own 75.99% of the company's stock.

Analyst Ratings Changes

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

Kimball Electronics Stock Down 0.2%

Shares of KE stock traded down $0.03 on Friday, hitting $18.51. The company's stock had a trading volume of 116,032 shares, compared to its average volume of 133,785. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. Kimball Electronics, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $24.45. The firm's fifty day moving average price is $15.87 and its 200-day moving average price is $17.36. The stock has a market capitalization of $451.27 million, a price-to-earnings ratio of 57.85 and a beta of 1.19.

Kimball Electronics (NASDAQ:KE - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The business had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. Research analysts anticipate that Kimball Electronics, Inc. will post 0.89 EPS for the current 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.