Russell Investments Group Ltd. Grows Position in Kimball Electronics, Inc. (NASDAQ:KE)

Russell Investments Group Ltd. raised its position in Kimball Electronics, Inc. (NASDAQ:KE) by 133.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,149 shares of the electronics maker’s stock after purchasing an additional 27,520 shares during the quarter. Russell Investments Group Ltd. owned 0.20% of Kimball Electronics worth $902,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Foundry Partners LLC boosted its position in Kimball Electronics by 15.0% in the 4th quarter. Foundry Partners LLC now owns 251,845 shares of the electronics maker’s stock valued at $4,717,000 after buying an additional 32,790 shares during the period. ExodusPoint Capital Management LP lifted its holdings in shares of Kimball Electronics by 4.3% in the 4th quarter. ExodusPoint Capital Management LP now owns 23,786 shares of the electronics maker’s stock worth $446,000 after buying an additional 979 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Kimball Electronics during the fourth quarter valued at $1,147,000. Arrowstreet Capital Limited Partnership lifted its stake in Kimball Electronics by 239.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after acquiring an additional 141,411 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its position in Kimball Electronics by 14.4% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 357,300 shares of the electronics maker’s stock valued at $6,692,000 after purchasing an additional 44,840 shares during the period. Hedge funds and other institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of Kimball Electronics stock opened at $13.19 on Tuesday. The firm has a market capitalization of $323.88 million, a P/E ratio of 41.22 and a beta of 1.18. Kimball Electronics, Inc. has a 52 week low of $12.41 and a 52 week high of $24.45. The company has a quick ratio of 1.29, a current ratio of 2.28 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average price of $15.99 and a 200 day moving average price of $17.74.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping the consensus estimate of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Sell-side analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Wall Street Analyst Weigh In

KE has been the topic of several recent research reports. Lake Street Capital dropped their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. StockNews.com upgraded shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $22.75.

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.