Mackay Shields LLC Cuts Holdings in Kimball Electronics Inc (NASDAQ:KE)

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Mackay Shields LLC decreased its position in shares of Kimball Electronics Inc (NASDAQ:KE) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,200 shares of the electronics maker’s stock after selling 1,300 shares during the period. Mackay Shields LLC’s holdings in Kimball Electronics were worth $177,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Kimball Electronics in the second quarter worth about $231,000. Vanguard Group Inc. grew its position 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 worth $21,008,000 after acquiring an additional 5,462 shares in the last quarter. Russell Investments Group Ltd. grew its position in Kimball Electronics by 6.4% in the third quarter. Russell Investments Group Ltd. now owns 770,244 shares of the electronics maker’s stock worth $11,181,000 after acquiring an additional 46,461 shares in the last quarter. Front Street Capital Management Inc. purchased a new position in Kimball Electronics in the second quarter worth about $552,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its position in Kimball Electronics by 26.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 75,200 shares of the electronics maker’s stock worth $1,221,000 after acquiring an additional 15,500 shares in the last quarter. Hedge funds and other institutional investors own 61.92% of the company’s stock.

Shares of NASDAQ KE opened at $17.27 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.12 and a quick ratio of 1.31. The company has a market cap of $436.96 million, a P/E ratio of 13.65 and a beta of 1.08. Kimball Electronics Inc has a 1 year low of $12.48 and a 1 year high of $18.49. The firm has a 50-day simple moving average of $15.47 and a two-hundred day simple moving average of $15.15.

KE has been the subject of several recent research reports. ValuEngine lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Friday, November 8th. TheStreet upgraded Kimball Electronics from a “c+” rating to a “b-” rating in a research report on Wednesday, November 6th. Finally, BidaskClub upgraded Kimball Electronics from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th.

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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