Assenagon Asset Management S.A. Has $3.16 Million Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Assenagon Asset Management S.A. decreased its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 23.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,873 shares of the electronics maker’s stock after selling 57,932 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.78% of Kimball Electronics worth $3,156,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Two Sigma Investments LP boosted its holdings in Kimball Electronics by 37.2% during the fourth quarter. Two Sigma Investments LP now owns 85,364 shares of the electronics maker’s stock worth $1,599,000 after purchasing an additional 23,168 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Kimball Electronics by 116.8% during the fourth quarter. Two Sigma Advisers LP now owns 78,700 shares of the electronics maker’s stock worth $1,474,000 after purchasing an additional 42,400 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Kimball Electronics by 4.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,063 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 608 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Kimball Electronics by 17.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 112,200 shares of the electronics maker’s stock worth $2,102,000 after purchasing an additional 16,674 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Kimball Electronics by 46.1% during the fourth quarter. Ameriprise Financial Inc. now owns 54,700 shares of the electronics maker’s stock worth $1,025,000 after purchasing an additional 17,262 shares during the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Price Performance

NASDAQ:KE opened at $18.41 on Monday. 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 stock’s 50 day moving average price is $16.38 and its two-hundred day moving average price is $17.31. The firm has a market capitalization of $448.84 million, a price-to-earnings ratio of 57.53 and a beta of 1.19. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.45.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings data on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The firm had revenue of $374.61 million for the quarter, compared to analyst estimates of $338.08 million. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, analysts anticipate that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $22.75.

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.