Geode Capital Management LLC Acquires 4,044 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Geode Capital Management LLC grew its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 0.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 577,229 shares of the electronics maker’s stock after purchasing an additional 4,044 shares during the quarter. Geode Capital Management LLC owned about 2.34% of Kimball Electronics worth $10,686,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Kimball Electronics by 0.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Kimball Electronics in the 3rd quarter valued at $25,000. Gabelli Funds LLC grew its holdings in shares of Kimball Electronics by 4.6% in the 2nd quarter. Gabelli Funds LLC now owns 32,544 shares of the electronics maker’s stock valued at $715,000 after buying an additional 1,428 shares during the period. Principal Financial Group Inc. increased its position in shares of Kimball Electronics by 10.3% in the 2nd quarter. Principal Financial Group Inc. now owns 18,531 shares of the electronics maker’s stock valued at $407,000 after buying an additional 1,728 shares in the last quarter. Finally, Foundry Partners LLC raised its stake in Kimball Electronics by 1.0% during the 3rd quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock worth $4,055,000 after buying an additional 2,100 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Price Performance

Shares of KE opened at $18.73 on Wednesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.28. The firm has a market capitalization of $462.28 million, a PE ratio of 36.73 and a beta of 1.25. The stock has a 50 day simple moving average of $19.11 and a 200 day simple moving average of $19.57. Kimball Electronics, Inc. has a 52-week low of $16.64 and a 52-week high of $26.82.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Monday, November 4th. The electronics maker reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Kimball Electronics had a net margin of 0.78% and a return on equity of 5.63%. The firm had revenue of $374.26 million during the quarter, compared to analyst estimates of $376.70 million. During the same period in the prior year, the business earned $0.43 EPS. Sell-side analysts predict that Kimball Electronics, Inc. will post 0.96 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.