SG Americas Securities LLC Increases Position in Kimball Electronics, Inc. (NASDAQ:KE)

SG Americas Securities LLC boosted its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 78.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,755 shares of the electronics maker’s stock after purchasing an additional 3,849 shares during the period. SG Americas Securities LLC’s holdings in Kimball Electronics were worth $162,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new position in Kimball Electronics during the 2nd quarter worth $210,000. The Manufacturers Life Insurance Company acquired a new position in Kimball Electronics in the second quarter worth about $217,000. Allspring Global Investments Holdings LLC raised its stake in Kimball Electronics by 1,526.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 10,456 shares of the electronics maker’s stock valued at $230,000 after buying an additional 9,813 shares in the last quarter. EntryPoint Capital LLC lifted its holdings in Kimball Electronics by 96.2% during the 1st quarter. EntryPoint Capital LLC now owns 10,745 shares of the electronics maker’s stock worth $233,000 after buying an additional 5,269 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Kimball Electronics in the 2nd quarter worth approximately $237,000. Institutional investors and hedge funds own 75.99% of the company’s stock.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $17.84 on Friday. Kimball Electronics, Inc. has a 1 year low of $16.64 and a 1 year high of $27.73. The firm has a market cap of $443.66 million, a P/E ratio of 13.94 and a beta of 1.26. The stock has a fifty day moving average price of $17.93 and a two-hundred day moving average price of $20.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings results on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.08). The business had revenue of $430.16 million during the quarter, compared to analyst estimates of $429.00 million. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. During the same period in the previous year, the company posted $0.76 earnings per share. Research analysts forecast that Kimball Electronics, Inc. will post 1.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on KE. B. Riley reduced their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Sidoti downgraded Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 target price for the company. in a research note on Thursday, August 15th. EF Hutton Acquisition Co. I cut Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 14th. Lake Street Capital cut their price target on Kimball Electronics from $25.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Finally, Cantor Fitzgerald lowered their price objective on Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.25.

Kimball Electronics Company Profile

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.