Oxford Financial Group LTD. LLC purchased a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 285,717 shares of the electronics maker's stock, valued at approximately $7,314,000. Kimball Electronics comprises approximately 0.4% of Oxford Financial Group LTD. LLC's portfolio, making the stock its 22nd biggest position. Oxford Financial Group LTD. LLC owned about 1.19% of Kimball Electronics at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Royal Bank of Canada increased its position in shares of Kimball Electronics by 5.8% in the first quarter. Royal Bank of Canada now owns 29,199 shares of the electronics maker's stock worth $480,000 after purchasing an additional 1,588 shares during the last quarter. AQR Capital Management LLC raised its stake in Kimball Electronics by 24.0% in the first quarter. AQR Capital Management LLC now owns 259,734 shares of the electronics maker's stock valued at $4,273,000 after purchasing an additional 50,245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kimball Electronics by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker's stock valued at $242,000 after purchasing an additional 624 shares during the last quarter. Empowered Funds LLC lifted its position in Kimball Electronics by 8.3% during the first quarter. Empowered Funds LLC now owns 88,650 shares of the electronics maker's stock valued at $1,458,000 after purchasing an additional 6,803 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Kimball Electronics in the 1st quarter worth approximately $411,000. Hedge funds and other institutional investors own 75.99% of the company's stock.
Kimball Electronics Stock Down 0.6%
Shares of NASDAQ KE opened at $23.57 on Friday. The stock has a market capitalization of $566.86 million, a P/E ratio of 20.86, a PEG ratio of 1.05 and a beta of 1.23. Kimball Electronics, Inc. has a one year low of $21.01 and a one year high of $33.19. The firm's 50 day simple moving average is $25.11 and its two-hundred day simple moving average is $25.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29.
Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.39 by ($0.40). Kimball Electronics had a return on equity of 4.42% and a net margin of 1.95%.The business had revenue of $371.57 million during the quarter, compared to the consensus estimate of $373.63 million. As a group, analysts expect that Kimball Electronics, Inc. will post 1.13 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on KE shares. Weiss Ratings reissued a "hold (c)" rating on shares of Kimball Electronics in a report on Tuesday, August 4th. Zacks Research upgraded shares of Kimball Electronics from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 6th. Wall Street Zen lowered shares of Kimball Electronics from a "buy" rating to a "hold" rating in a research report on Saturday, July 4th. Finally, KeyCorp initiated coverage on Kimball Electronics in a research note on Thursday, July 2nd. They issued a "sector weight" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $32.00.
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Kimball Electronics Profile
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Free Report)
Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.
The company's core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.
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