Two Sigma Advisers LP Boosts Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Two Sigma Advisers LP grew its position in Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 116.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,700 shares of the electronics maker's stock after acquiring an additional 42,400 shares during the quarter. Two Sigma Advisers LP owned about 0.32% of Kimball Electronics worth $1,474,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in Kimball Electronics during the 4th quarter valued at approximately $82,000. Aquatic Capital Management LLC increased its holdings in shares of 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 purchasing an additional 5,926 shares during the period. Graham Capital Management L.P. purchased a new stake in shares of Kimball Electronics during the fourth quarter worth approximately $201,000. Point72 Asset Management L.P. raised its stake in shares of Kimball Electronics by 17.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,889 shares of the electronics maker's stock worth $204,000 after purchasing an additional 1,584 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Kimball Electronics by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock worth $211,000 after purchasing an additional 2,528 shares during the period. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on KE shares. Lake Street Capital dropped their price objective on shares of 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 report 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $22.75.

Kimball Electronics Price Performance

Shares of KE traded down $0.30 during mid-day trading on Wednesday, reaching $18.35. 107,742 shares of the company's stock were exchanged, compared to its average volume of 133,054. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45. The company has a market cap of $447.37 million, a price-to-earnings ratio of 57.35 and a beta of 1.11. The company has a 50-day simple moving average of $15.78 and a two-hundred day simple moving average of $17.37.

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 for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. The company had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. On average, sell-side 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.