Russell Investments Group Ltd. Acquires 27,520 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Russell Investments Group Ltd. boosted its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) by 133.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,149 shares of the electronics maker's stock after purchasing an additional 27,520 shares during the period. Russell Investments Group Ltd. owned approximately 0.20% of Kimball Electronics worth $902,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new stake in shares of Kimball Electronics in the fourth quarter worth about $82,000. SG Americas Securities LLC grew its holdings in Kimball Electronics by 28.9% during the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker's stock valued at $211,000 after purchasing an additional 2,528 shares in the last quarter. AlphaQuest LLC increased its stake in Kimball Electronics by 358.2% during the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker's stock worth $285,000 after buying an additional 11,901 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Kimball Electronics during the 4th quarter valued at approximately $397,000. Finally, ExodusPoint Capital Management LP lifted its position in shares of Kimball Electronics by 4.3% during the fourth quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker's stock worth $446,000 after purchasing an additional 979 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in 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. StockNews.com upgraded Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Stock Up 1.7 %

Shares of Kimball Electronics stock traded up $0.24 during trading on Friday, hitting $14.57. 112,912 shares of the stock traded hands, compared to its average volume of 121,707. The stock has a market cap of $357.77 million, a P/E ratio of 45.53 and a beta of 1.18. The company has a fifty day moving average price of $15.73 and a two-hundred day moving average price of $17.64. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $24.45.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. Equities research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

About Kimball Electronics

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.