Virginia Retirement Systems ET AL acquired a new position in shares of Kimball Electronics Inc. (NASDAQ:KE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 13,275 shares of the company’s stock, valued at approximately $165,000.
A number of other large investors also recently modified their holdings of the stock. LSV Asset Management bought a new stake in shares of Kimball Electronics during the second quarter worth about $214,000. SECOR Capital Advisors LP boosted its position in Kimball Electronics by 51.7% in the second quarter. SECOR Capital Advisors LP now owns 42,681 shares of the company’s stock worth $531,000 after buying an additional 14,544 shares in the last quarter. Pinnacle Holdings LLC boosted its position in Kimball Electronics by 0.7% in the second quarter. Pinnacle Holdings LLC now owns 90,290 shares of the company’s stock worth $1,124,000 after buying an additional 665 shares in the last quarter. 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 worth $1,702,000 after buying an additional 43,754 shares in the last quarter. Finally, Emerald Acquisition Ltd. acquired a new position in Kimball Electronics during the second quarter worth approximately $3,541,000. Institutional investors and hedge funds own 54.84% of the company’s stock.
Kimball Electronics Inc. (NASDAQ:KE) opened at 13.59 on Thursday. Kimball Electronics Inc. has a 52 week low of $9.15 and a 52 week high of $14.28. The company has a market cap of $382.63 million, a PE ratio of 17.88 and a beta of 0.91. The company has a 50-day moving average price of $12.78 and a 200 day moving average price of $11.99.
Kimball Electronics (NASDAQ:KE) last released its earnings results on Wednesday, August 3rd. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ 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 business earned $220.40 million during the quarter, compared to analysts’ expectations of $201.13 million. On average, equities research analysts forecast that Kimball Electronics Inc. will post $0.86 EPS for the current fiscal year.
Several research analysts recently issued reports on KE shares. Zacks Investment Research cut Kimball Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. B. Riley reissued a “buy” rating and issued a $14.50 price objective on shares of Kimball Electronics in a research note on Tuesday, August 9th.
Kimball Electronics Company Profile
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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