LSV Asset Management Reduces Position in Kimball Electronics Inc (KE)

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LSV Asset Management lowered its stake in Kimball Electronics Inc (NASDAQ:KE) by 32.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 600,139 shares of the electronics maker’s stock after selling 289,429 shares during the quarter. LSV Asset Management’s holdings in Kimball Electronics were worth $9,296,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. First Interstate Bank bought a new position in Kimball Electronics in the first quarter worth approximately $40,000. Great West Life Assurance Co. Can bought a new stake in shares of Kimball Electronics during the 4th quarter valued at $57,000. Legal & General Group Plc raised its position in shares of Kimball Electronics by 15.9% during the 4th quarter. Legal & General Group Plc now owns 4,746 shares of the electronics maker’s stock valued at $73,000 after purchasing an additional 652 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Kimball Electronics by 376.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,193 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 4,102 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Kimball Electronics during the 4th quarter valued at $105,000. Institutional investors own 61.81% of the company’s stock.

Several analysts have recently commented on the stock. BidaskClub downgraded shares of Kimball Electronics from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. TheStreet upgraded shares of Kimball Electronics from a “c+” rating to a “b” rating in a research report on Thursday, February 7th.

Shares of KE stock opened at $16.01 on Friday. The firm has a market cap of $406.96 million, a PE ratio of 13.59 and a beta of 0.96. Kimball Electronics Inc has a one year low of $13.51 and a one year high of $20.90. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 1.97.

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Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain services include design services and support, supply chain services and support, and rapid prototyping and product introduction support services, as well as product design, and process validation and qualification services.

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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