Susquehanna Fundamental Investments LLC Acquires New Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Susquehanna Fundamental Investments LLC purchased a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,846 shares of the electronics maker's stock, valued at approximately $503,000. Susquehanna Fundamental Investments LLC owned approximately 0.11% of Kimball Electronics as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in KE. Price T Rowe Associates Inc. MD grew its stake in shares of Kimball Electronics by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker's stock worth $685,000 after acquiring an additional 1,958 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of Kimball Electronics by 18.8% during the fourth quarter. MetLife Investment Management LLC now owns 16,286 shares of the electronics maker's stock worth $305,000 after purchasing an additional 2,580 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Kimball Electronics by 29.4% during the 4th quarter. Gamco Investors INC. ET AL now owns 43,980 shares of the electronics maker's stock valued at $824,000 after purchasing an additional 10,000 shares during the period. Barclays PLC increased its stake in shares of Kimball Electronics by 6.5% in the 4th quarter. Barclays PLC now owns 69,997 shares of the electronics maker's stock valued at $1,312,000 after acquiring an additional 4,248 shares in the last quarter. Finally, Legacy Financial Advisors Inc. grew its position in Kimball Electronics by 20.8% in the 4th quarter. Legacy Financial Advisors Inc. now owns 38,051 shares of the electronics maker's stock valued at $713,000 after purchasing an additional 6,548 shares during the period. 75.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on KE. StockNews.com raised Kimball Electronics from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Lake Street Capital lowered their target price on Kimball Electronics from $23.00 to $21.00 and set a "buy" rating for the company in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Kimball Electronics currently has a consensus rating of "Moderate Buy" and an average price target of $22.75.

Kimball Electronics Price Performance

Shares of NASDAQ KE traded up $0.04 during mid-day trading on Tuesday, reaching $14.71. The company's stock had a trading volume of 154,432 shares, compared to its average volume of 121,990. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $24.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The stock has a 50-day moving average of $15.31 and a two-hundred day moving average of $17.50. The stock has a market capitalization of $361.20 million, a P/E ratio of 45.97 and a beta of 1.11.

Kimball Electronics (NASDAQ:KE - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.26 by $0.01. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, equities research analysts anticipate 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.