Municipal Employees Retirement System of Michigan Lowers Position in Kimball Electronics, Inc. (NASDAQ:KE)
Municipal Employees Retirement System of Michigan reduced its stake in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 6.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,500 shares of the electronics maker’s stock after selling 3,940 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Kimball Electronics were worth $1,002,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in Kimball Electronics by 12.5% in the first quarter. Nordea Investment Management AB now owns 8,100 shares of the electronics maker’s stock valued at $137,000 after buying an additional 900 shares in the last quarter. Karp Capital Management Corp acquired a new position in Kimball Electronics during the first quarter valued at $193,000. Algert Global LLC acquired a new position in Kimball Electronics during the first quarter valued at $197,000. Highbridge Capital Management LLC acquired a new position in Kimball Electronics during the first quarter valued at $204,000. Finally, Aperio Group LLC raised its position in Kimball Electronics by 21.1% in the second quarter. Aperio Group LLC now owns 13,795 shares of the electronics maker’s stock valued at $249,000 after buying an additional 2,399 shares in the last quarter. 57.35% of the stock is owned by institutional investors.
Kimball Electronics, Inc. (KE) opened at 18.55 on Friday. Kimball Electronics, Inc. has a 12 month low of $11.54 and a 12 month high of $20.30. The firm’s 50-day moving average price is $18.82 and its 200-day moving average price is $17.30. The firm has a market cap of $500.05 million, a P/E ratio of 14.96 and a beta of 0.97.
Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.04. The firm had revenue of $241.27 million during the quarter. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.32%. On average, equities research analysts expect that Kimball Electronics, Inc. will post $0.93 EPS for the current fiscal year.
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Separately, BidaskClub lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 27th.
Kimball Electronics Company Profile
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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