Y Intercept Hong Kong Ltd Acquires New Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Y Intercept Hong Kong Ltd bought a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,148 shares of the electronics maker’s stock, valued at approximately $200,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Kimball Electronics by 239.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 200,362 shares of the electronics maker’s stock worth $3,753,000 after buying an additional 141,411 shares during the period. Envestnet Asset Management Inc. boosted its position in Kimball Electronics by 45.4% during the first quarter. Envestnet Asset Management Inc. now owns 339,230 shares of the electronics maker’s stock valued at $5,580,000 after acquiring an additional 105,889 shares during the last quarter. Vanguard Group Inc. boosted its position in Kimball Electronics by 5.0% during the fourth quarter. Vanguard Group Inc. now owns 1,945,556 shares of the electronics maker’s stock valued at $36,440,000 after acquiring an additional 92,166 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Kimball Electronics by 142.1% during the 4th quarter. JPMorgan Chase & Co. now owns 113,208 shares of the electronics maker’s stock worth $2,120,000 after acquiring an additional 66,444 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Kimball Electronics in the 4th quarter worth about $1,147,000. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Down 1.7%

Kimball Electronics stock opened at $18.76 on Friday. The company has a market capitalization of $457.37 million, a PE ratio of 26.42 and a beta of 1.19. Kimball Electronics, Inc. has a 12-month low of $12.41 and a 12-month high of $24.30. The firm’s fifty day moving average is $19.09 and its 200 day moving average is $17.46. The company has a quick ratio of 1.24, a current ratio of 2.14 and a debt-to-equity ratio of 0.27.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings results on Tuesday, May 6th. The electronics maker reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.01. Kimball Electronics had a net margin of 1.17% and a return on equity of 5.17%. The firm had revenue of $374.61 million during the quarter, compared to the consensus estimate of $338.08 million. As a group, sell-side analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen raised Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, May 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.