Kimball Electronics Inc. (KE) Position Cut by First Trust Advisors LP
First Trust Advisors LP cut its stake in shares of Kimball Electronics Inc. (NASDAQ:KE) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,029 shares of the company’s stock after selling 1,072 shares during the period. First Trust Advisors LP’s holdings in Kimball Electronics were worth $137,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the stock. Emerald Acquisition Ltd. purchased a new stake in shares of Kimball Electronics during the second quarter valued at approximately $3,541,000. BKD Wealth Advisors LLC boosted its position in Kimball Electronics by 1,816.2% in the second quarter. BKD Wealth Advisors LLC now owns 480,478 shares of the company’s stock valued at $5,982,000 after buying an additional 455,404 shares during the period. Goldman Sachs Group Inc. boosted its position in Kimball Electronics by 40.3% in the first quarter. Goldman Sachs Group Inc. now owns 152,408 shares of the company’s stock valued at $1,702,000 after buying an additional 43,754 shares during the period. NWQ Investment Management Company LLC boosted its position in Kimball Electronics by 4.6% in the first quarter. NWQ Investment Management Company LLC now owns 728,694 shares of the company’s stock valued at $8,140,000 after buying an additional 32,135 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Kimball Electronics by 2.7% in the first quarter. JPMorgan Chase & Co. now owns 536,150 shares of the company’s stock valued at $5,989,000 after buying an additional 14,300 shares during the period. 54.84% of the stock is owned by hedge funds and other institutional investors.
Shares of Kimball Electronics Inc. (NASDAQ:KE) traded down 1.08% on Wednesday, reaching $13.80. 9,852 shares of the company traded hands. Kimball Electronics Inc. has a one year low of $9.15 and a one year high of $14.28. The firm has a 50-day moving average price of $12.96 and a 200 day moving average price of $12.06. The company has a market capitalization of $388.54 million, a PE ratio of 18.16 and a beta of 0.91.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by $0.01. Kimball Electronics had a return on equity of 6.98% and a net margin of 2.65%. The firm had revenue of $220.40 million for the quarter, compared to the consensus estimate of $201.13 million. Equities analysts forecast that Kimball Electronics Inc. will post $0.86 EPS for the current fiscal year.
KE has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Kimball Electronics from a “sell” rating to a “hold” rating in a report on Wednesday, October 5th. B. Riley restated a “buy” rating and set a $12.75 target price on shares of Kimball Electronics in a report on Tuesday, August 2nd.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is engaged in providing engineering, manufacturing and supply chain services. The Company offers its services to customers in the automotive, medical, industrial and public safety end markets. The Company offers engineering, manufacturing and supply chain services, such as design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies (PCBAS); industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing, which include testing of products under a series of different environmental conditions; assembly, production and packaging of other related non-electronic products; supply chain services, and product life cycle management.
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