AlphaQuest LLC Buys 11,901 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

AlphaQuest LLC boosted its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 358.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,223 shares of the electronics maker’s stock after purchasing an additional 11,901 shares during the quarter. AlphaQuest LLC owned about 0.06% of Kimball Electronics worth $285,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kimball Electronics by 0.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Kimball Electronics during the 3rd quarter worth $25,000. Victory Capital Management Inc. boosted its stake in Kimball Electronics by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker’s stock valued at $1,212,000 after buying an additional 1,555 shares in the last quarter. Foundry Partners LLC raised its stake in Kimball Electronics by 1.0% during the third quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock worth $4,055,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Cardinal Capital Management lifted its holdings in shares of Kimball Electronics by 2.7% in the fourth quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker’s stock worth $1,728,000 after acquiring an additional 2,459 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Price Performance

Shares of NASDAQ:KE opened at $16.79 on Friday. The firm has a market cap of $412.28 million, a PE ratio of 52.47 and a beta of 1.21. Kimball Electronics, Inc. has a 52 week low of $15.94 and a 52 week high of $24.45. The firm’s fifty day moving average is $17.83 and its 200-day moving average is $18.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.29 and a current ratio of 2.28.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 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%. Sell-side analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current year.

Analysts Set New Price Targets

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