PDT Partners LLC Buys New Position in Kimball Electronics, Inc. (NASDAQ:KE)

PDT Partners LLC bought a new position in Kimball Electronics, Inc. (NASDAQ:KE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,591 shares of the electronics maker’s stock, valued at approximately $573,000.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Kimball Electronics by 96.4% during the third quarter. Barclays PLC now owns 65,749 shares of the electronics maker’s stock valued at $1,218,000 after purchasing an additional 32,271 shares during the period. JPMorgan Chase & Co. increased its position in Kimball Electronics by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,764 shares of the electronics maker’s stock valued at $866,000 after buying an additional 11,935 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Kimball Electronics by 28.9% in the fourth quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after acquiring an additional 2,528 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Kimball Electronics by 17.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock valued at $543,000 after acquiring an additional 4,329 shares during the period. Finally, Empowered Funds LLC grew its stake in Kimball Electronics by 5.1% in the fourth quarter. Empowered Funds LLC now owns 81,847 shares of the electronics maker’s stock valued at $1,533,000 after acquiring an additional 3,939 shares during the period. 75.99% of the stock is currently owned by institutional investors.

Kimball Electronics Trading Up 1.5 %

NASDAQ KE opened at $14.55 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $357.28 million, a P/E ratio of 45.47 and a beta of 1.18. The business has a fifty day simple moving average of $15.45 and a 200 day simple moving average of $17.57. Kimball Electronics, Inc. has a 12 month low of $12.41 and a 12 month high of $24.45.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. On average, analysts predict that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KE has been the topic of a number of recent research reports. Lake Street Capital cut their target price on Kimball Electronics from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, February 6th. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.