AlphaQuest LLC Buys 11,901 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

AlphaQuest LLC lifted its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 358.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,223 shares of the electronics maker’s stock after acquiring an additional 11,901 shares during the period. AlphaQuest LLC’s holdings in Kimball Electronics were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KE. Barclays PLC raised its position in shares of Kimball Electronics by 96.4% during the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock worth $1,218,000 after purchasing an additional 32,271 shares during the period. Dynamic Technology Lab Private Ltd raised its holdings in Kimball Electronics by 289.1% during the third quarter. Dynamic Technology Lab Private Ltd now owns 35,533 shares of the electronics maker’s stock worth $658,000 after buying an additional 26,402 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Kimball Electronics in the fourth quarter valued at $397,000. BNP Paribas Financial Markets lifted its stake in shares of Kimball Electronics by 271.3% in the third quarter. BNP Paribas Financial Markets now owns 27,898 shares of the electronics maker’s stock valued at $516,000 after buying an additional 20,385 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of Kimball Electronics by 67.8% during the third quarter. FMR LLC now owns 41,086 shares of the electronics maker’s stock valued at $760,000 after buying an additional 16,608 shares during the last quarter. 75.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Lake Street Capital dropped their price target on shares of 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 raised Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kimball Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Trading Up 2.8 %

NASDAQ:KE opened at $16.79 on Friday. Kimball Electronics, Inc. has a 52 week low of $15.94 and a 52 week high of $24.45. The firm has a 50-day moving average price of $17.83 and a two-hundred day moving average price of $18.31. 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 firm has a market cap of $412.28 million, a price-to-earnings ratio of 52.47 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.48% and a net margin of 0.51%. On average, equities analysts expect that Kimball Electronics, Inc. will post 0.89 earnings per share 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.