Martingale Asset Management L P Purchases New Holdings in Kimball Electronics, Inc. (NASDAQ:KE)

Martingale Asset Management L P acquired a new position in Kimball Electronics, Inc. (NASDAQ:KE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 58,071 shares of the electronics maker’s stock, valued at approximately $1,088,000. Martingale Asset Management L P owned 0.24% of Kimball Electronics at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of KE. KLP Kapitalforvaltning AS acquired a new stake in shares of Kimball Electronics during the 4th quarter valued at about $82,000. Point72 Asset Management L.P. bought a new position in Kimball Electronics during the third quarter worth about $172,000. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 28.9% during the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock valued at $211,000 after purchasing an additional 2,528 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Kimball Electronics in the 3rd quarter valued at approximately $220,000. Finally, AlphaQuest LLC raised its holdings in shares of Kimball Electronics by 358.2% in the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker’s stock worth $285,000 after buying an additional 11,901 shares in the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Trading Up 0.5 %

Shares of KE opened at $13.54 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28. The company has a market cap of $332.47 million, a price-to-earnings ratio of 42.31 and a beta of 1.18. The stock has a fifty day moving average price of $16.44 and a two-hundred day moving average price of $17.94. Kimball Electronics, Inc. has a 52-week low of $12.41 and a 52-week high of $24.45.

Kimball Electronics (NASDAQ:KE) last released its quarterly 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 5.48% and a net margin of 0.51%. Analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised Kimball Electronics from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Lake Street Capital reduced their target price on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Kimball Electronics presently has an average rating of “Moderate Buy” and a consensus target price 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.