Susquehanna Fundamental Investments LLC bought a new stake in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 26,846 shares of the electronics maker's stock, valued at approximately $503,000. Susquehanna Fundamental Investments LLC owned 0.11% of Kimball Electronics as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Kimball Electronics by 5.0% in the 4th quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker's stock valued at $36,440,000 after purchasing an additional 92,166 shares during the period. American Century Companies Inc. lifted its holdings in shares of Kimball Electronics by 13.0% in the fourth quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker's stock valued at $9,176,000 after purchasing an additional 56,175 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of Kimball Electronics by 14.4% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker's stock valued at $6,692,000 after buying an additional 44,840 shares during the last quarter. Grace & White Inc. NY raised its position in Kimball Electronics by 5.5% in the 4th quarter. Grace & White Inc. NY now owns 270,877 shares of the electronics maker's stock valued at $5,074,000 after buying an additional 14,100 shares during the last quarter. Finally, Foundry Partners LLC lifted its stake in Kimball Electronics by 15.0% during the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker's stock valued at $4,717,000 after acquiring an additional 32,790 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently weighed in on KE shares. StockNews.com lowered shares of Kimball Electronics from a "buy" rating to a "hold" rating in a research report on Thursday. Lake Street Capital lowered their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating on the stock in a research note on Thursday, February 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.75.
View Our Latest Stock Report on KE
Kimball Electronics Stock Performance
Shares of NASDAQ:KE traded down $0.08 during trading on Friday, hitting $18.21. 77,766 shares of the company were exchanged, compared to its average volume of 141,729. The stock has a 50 day moving average of $15.28 and a 200 day moving average of $17.49. 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 $447.15 million, a PE ratio of 56.91 and a beta of 1.11. 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 (NASDAQ:KE - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The firm had revenue of $374.61 million during the quarter, compared to analyst estimates of $338.08 million. As a group, equities research analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current year.
About Kimball Electronics
(
Free Report)
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.
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