CLARET ASSET MANAGEMENT Corp Reduces Position in Kimball Electronics Inc (NASDAQ:KE)

Share on StockTwits

CLARET ASSET MANAGEMENT Corp cut its stake in shares of Kimball Electronics Inc (NASDAQ:KE) by 5.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,531 shares of the electronics maker’s stock after selling 10,260 shares during the quarter. CLARET ASSET MANAGEMENT Corp owned about 0.71% of Kimball Electronics worth $2,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KE. BlackRock Inc. boosted its holdings in Kimball Electronics by 2.5% in the second quarter. BlackRock Inc. now owns 1,806,955 shares of the electronics maker’s stock valued at $29,345,000 after purchasing an additional 44,070 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Kimball Electronics by 0.4% in the second quarter. Vanguard Group Inc. now owns 1,293,619 shares of the electronics maker’s stock valued at $21,008,000 after purchasing an additional 5,462 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Kimball Electronics by 175.7% in the second quarter. Russell Investments Group Ltd. now owns 723,783 shares of the electronics maker’s stock valued at $11,752,000 after purchasing an additional 461,238 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Kimball Electronics by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 388,489 shares of the electronics maker’s stock valued at $6,017,000 after purchasing an additional 24,129 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Kimball Electronics by 2.0% in the second quarter. Northern Trust Corp now owns 321,694 shares of the electronics maker’s stock valued at $5,224,000 after purchasing an additional 6,258 shares during the last quarter. 61.63% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have commented on the stock. TheStreet lowered shares of Kimball Electronics from a “b-” rating to a “c+” rating in a report on Wednesday, September 4th. BidaskClub raised shares of Kimball Electronics from a “sell” rating to a “hold” rating in a report on Monday, September 16th.

Shares of Kimball Electronics stock traded up $0.51 during trading hours on Friday, reaching $14.90. The stock had a trading volume of 2,943 shares, compared to its average volume of 75,273. The stock’s 50 day moving average is $14.29 and its 200 day moving average is $15.16. The firm has a market capitalization of $361.48 million, a PE ratio of 11.77 and a beta of 1.08. Kimball Electronics Inc has a twelve month low of $12.48 and a twelve month high of $19.67. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Wednesday, July 31st. The electronics maker reported $0.29 earnings per share for the quarter. The business had revenue of $318.62 million during the quarter. Kimball Electronics had a net margin of 2.67% and a return on equity of 8.63%.

About Kimball Electronics

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.

Featured Story: Do Tariffs Work?

Want to see what other hedge funds are holding KE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kimball Electronics Inc (NASDAQ:KE).

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

Receive News & Ratings for Kimball Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kimball Electronics and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.