Kimball Electronics, Inc. (NASDAQ:KE) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP grew its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 37.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,364 shares of the electronics maker’s stock after buying an additional 23,168 shares during the period. Two Sigma Investments LP owned 0.35% of Kimball Electronics worth $1,599,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC boosted its holdings in shares of Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after buying an additional 2,528 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kimball Electronics by 5.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,539 shares of the electronics maker’s stock valued at $685,000 after buying an additional 1,958 shares in the last quarter. Empowered Funds LLC boosted its stake in Kimball Electronics by 5.1% during the 4th quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock worth $1,533,000 after purchasing an additional 3,939 shares during the period. Foundry Partners LLC boosted 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 worth $4,717,000 after purchasing an additional 32,790 shares during the period. Finally, American Century Companies Inc. boosted its stake in Kimball Electronics by 13.0% during the 4th quarter. American Century Companies Inc. now owns 489,896 shares of the electronics maker’s stock worth $9,176,000 after purchasing an additional 56,175 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Up 2.1%

KE stock opened at $18.65 on Wednesday. Kimball Electronics, Inc. has a one year low of $12.41 and a one year high of $24.45. The stock has a market capitalization of $454.69 million, a PE ratio of 58.28 and a beta of 1.11. 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 company has a fifty day moving average of $15.75 and a 200-day moving average of $17.36.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 6th. The electronics maker reported $0.27 EPS for the quarter, topping the consensus estimate of $0.26 by $0.01. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. The company had revenue of $374.61 million during the quarter, compared to analysts’ expectations of $338.08 million. As a group, analysts expect that Kimball Electronics, Inc. will post 0.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Lake Street Capital decreased their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Wall Street Zen upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.