Two Sigma Advisers LP trimmed its position in shares of Kimball Electronics (NASDAQ:KE) by 13.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,528 shares of the electronics maker’s stock after selling 7,400 shares during the period. Two Sigma Advisers LP owned approximately 0.18% of Kimball Electronics worth $886,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Foundry Partners LLC acquired a new stake in Kimball Electronics during the fourth quarter worth about $3,662,000. Wells Fargo & Company MN lifted its holdings in shares of Kimball Electronics by 15.7% in the third quarter. Wells Fargo & Company MN now owns 57,334 shares of the electronics maker’s stock worth $1,241,000 after acquiring an additional 7,777 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Kimball Electronics by 114.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 104,314 shares of the electronics maker’s stock worth $2,259,000 after acquiring an additional 55,589 shares during the last quarter. Bowling Portfolio Management LLC lifted its holdings in shares of Kimball Electronics by 82.8% in the fourth quarter. Bowling Portfolio Management LLC now owns 88,914 shares of the electronics maker’s stock worth $1,623,000 after acquiring an additional 40,275 shares during the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Kimball Electronics by 12.1% in the fourth quarter. Royce & Associates LP now owns 46,200 shares of the electronics maker’s stock worth $843,000 after acquiring an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 58.95% of the company’s stock.
Separately, BidaskClub cut shares of Kimball Electronics from a “hold” rating to a “sell” rating in a report on Thursday, March 8th.
KE stock opened at $16.65 on Monday. The stock has a market capitalization of $441.80, a PE ratio of 13.57 and a beta of 0.96. Kimball Electronics has a 12 month low of $15.75 and a 12 month high of $22.45.
Kimball Electronics (NASDAQ:KE) last posted its earnings results on Wednesday, February 7th. The electronics maker reported $0.31 EPS for the quarter. The firm had revenue of $258.15 million during the quarter. Kimball Electronics had a net margin of 1.66% and a return on equity of 9.65%.
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Kimball Electronics Company Profile
Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing durable electronics for the automotive, medical, industrial, and public safety markets primarily in the United States, China, Mexico, Poland, Romania, and Thailand. Its engineering, manufacturing, and supply chain services include design services; rapid prototyping and new product introduction support; production and testing of printed circuit board assemblies; industrialization and automation of manufacturing processes; product design and process validation and qualification; reliability testing; assembly, production, and packaging of other related non-electronic products; supply chain services; and product life cycle management services.
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