Valeo Financial Advisors LLC Sells 27,635 Shares of Kimball Electronics, Inc. $KE

Valeo Financial Advisors LLC trimmed its position in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 58.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,824 shares of the electronics maker’s stock after selling 27,635 shares during the period. Valeo Financial Advisors LLC’s holdings in Kimball Electronics were worth $592,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in shares of Kimball Electronics in the third quarter worth about $31,000. Raymond James Financial Inc. bought a new position in shares of Kimball Electronics during the second quarter valued at approximately $34,000. Tower Research Capital LLC TRC increased its holdings in shares of Kimball Electronics by 197.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,865 shares of the electronics maker’s stock valued at $55,000 after acquiring an additional 1,901 shares during the period. New York State Teachers Retirement System grew its stake in Kimball Electronics by 441.6% in the third quarter. New York State Teachers Retirement System now owns 2,199 shares of the electronics maker’s stock valued at $66,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Morgan Dempsey Capital Management LLC grew its position in shares of Kimball Electronics by 12.1% in the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 7,494 shares of the electronics maker’s stock worth $144,000 after buying an additional 806 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Kimball Electronics Stock Down 1.2%

Shares of NASDAQ:KE opened at $30.21 on Friday. The firm has a 50 day simple moving average of $29.39 and a 200-day simple moving average of $27.68. The company has a market capitalization of $735.31 million, a PE ratio of 31.80, a P/E/G ratio of 1.12 and a beta of 1.15. Kimball Electronics, Inc. has a twelve month low of $12.41 and a twelve month high of $33.19. The company has a current ratio of 2.21, a quick ratio of 1.34 and a debt-to-equity ratio of 0.23.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, November 5th. The electronics maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.25. Kimball Electronics had a net margin of 1.62% and a return on equity of 6.28%. The company had revenue of $365.60 million for the quarter, compared to the consensus estimate of $338.43 million. On average, equities analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on KE shares. Zacks Research lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. Lake Street Capital reaffirmed a “buy” rating and set a $32.00 target price on shares of Kimball Electronics in a report on Friday, November 7th. B. Riley reissued a “buy” rating on shares of Kimball Electronics in a report on Thursday, October 9th. Wall Street Zen upgraded Kimball Electronics from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 1st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Profile

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.