SG Americas Securities LLC Purchases 2,528 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

SG Americas Securities LLC raised its position in Kimball Electronics, Inc. (NASDAQ:KE) by 28.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,283 shares of the electronics maker’s stock after acquiring an additional 2,528 shares during the period. SG Americas Securities LLC’s holdings in Kimball Electronics were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Point72 DIFC Ltd acquired a new position in shares of Kimball Electronics in the third quarter valued at about $25,000. nVerses Capital LLC purchased a new stake in Kimball Electronics in the third quarter valued at approximately $48,000. Quest Partners LLC acquired a new position in Kimball Electronics in the 3rd quarter worth approximately $61,000. Quantbot Technologies LP raised its position in Kimball Electronics by 995.9% during the 3rd quarter. Quantbot Technologies LP now owns 9,019 shares of the electronics maker’s stock worth $167,000 after buying an additional 8,196 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Kimball Electronics during the 3rd quarter valued at approximately $172,000. 75.99% of the stock is owned by institutional investors and hedge funds.

Kimball Electronics Stock Performance

Shares of KE stock opened at $16.82 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. Kimball Electronics, Inc. has a 12-month low of $16.64 and a 12-month high of $24.45. The business’s 50 day moving average is $18.77 and its two-hundred day moving average is $18.95. The company has a market capitalization of $415.12 million, a P/E ratio of 32.98 and a beta of 1.24.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a return on equity of 5.63% and a net margin of 0.78%. Analysts expect that Kimball Electronics, Inc. will post 1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on KE shares. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday. Lake Street Capital lowered their price objective on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.