Parametric Portfolio Associates LLC Reduces Stake in Kimball Electronics, Inc. (NASDAQ:KE)
Parametric Portfolio Associates LLC cut its position in Kimball Electronics, Inc. (NASDAQ:KE) by 2.6% during the first quarter, Holdings Channel reports. The fund owned 11,538 shares of the electronics maker’s stock after selling 307 shares during the period. Parametric Portfolio Associates LLC’s holdings in Kimball Electronics were worth $196,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in KE. Karp Capital Management Corp purchased a new stake in Kimball Electronics during the first quarter worth about $193,000. Bank of New York Mellon Corp raised its stake in Kimball Electronics by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 207,411 shares of the electronics maker’s stock worth $3,516,000 after buying an additional 8,450 shares in the last quarter. US Bancorp DE raised its stake in Kimball Electronics by 0.5% in the first quarter. US Bancorp DE now owns 36,217 shares of the electronics maker’s stock worth $614,000 after buying an additional 169 shares in the last quarter. Algert Global LLC purchased a new stake in Kimball Electronics during the first quarter worth about $197,000. Finally, LSV Asset Management raised its stake in Kimball Electronics by 82.4% in the first quarter. LSV Asset Management now owns 129,328 shares of the electronics maker’s stock worth $2,192,000 after buying an additional 58,428 shares in the last quarter. Institutional investors and hedge funds own 57.35% of the company’s stock.
Kimball Electronics, Inc. (KE) opened at 18.975 on Tuesday. Kimball Electronics, Inc. has a 12 month low of $11.54 and a 12 month high of $20.30. The stock has a market capitalization of $511.51 million, a P/E ratio of 15.302 and a beta of 0.97. The company’s 50-day moving average is $18.66 and its 200-day moving average is $17.21.
Kimball Electronics (NASDAQ:KE) last announced its earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 EPS for the quarter, topping the consensus estimate of $0.26 by $0.04. The firm had revenue of $241.27 million for the quarter. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.32%. Equities analysts anticipate that Kimball Electronics, Inc. will post $0.93 earnings per share for the current year.
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Separately, BidaskClub lowered shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.
About Kimball Electronics
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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