Highbridge Capital Management LLC Acquires Shares of 12,083 Kimball Electronics, Inc. (NASDAQ:KE)
Highbridge Capital Management LLC acquired a new position in shares of Kimball Electronics, Inc. (NASDAQ:KE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,083 shares of the electronics maker’s stock, valued at approximately $204,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Bowling Portfolio Management LLC acquired a new position in Kimball Electronics during the first quarter worth approximately $722,000. State Board of Administration of Florida Retirement System increased its position in Kimball Electronics by 14.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 30,111 shares of the electronics maker’s stock worth $548,000 after buying an additional 3,796 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Kimball Electronics by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,230,274 shares of the electronics maker’s stock worth $40,591,000 after buying an additional 131,946 shares in the last quarter. Two Sigma Investments LP increased its position in Kimball Electronics by 90.9% in the fourth quarter. Two Sigma Investments LP now owns 105,845 shares of the electronics maker’s stock worth $1,926,000 after buying an additional 50,391 shares in the last quarter. Finally, US Bancorp DE increased its position in Kimball Electronics by 0.5% in the first quarter. US Bancorp DE now owns 36,217 shares of the electronics maker’s stock worth $614,000 after buying an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 57.35% of the company’s stock.
Shares of Kimball Electronics, Inc. (NASDAQ KE) traded up 0.66% during midday trading on Tuesday, reaching $19.10. 55,288 shares of the company traded hands. The firm has a market capitalization of $514.88 million, a PE ratio of 15.40 and a beta of 0.97. The company has a 50-day moving average of $18.70 and a 200 day moving average of $17.25. Kimball Electronics, Inc. has a 12-month low of $11.54 and a 12-month high of $20.30.
Kimball Electronics (NASDAQ:KE) last announced its quarterly earnings results on Wednesday, August 2nd. The electronics maker reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.04. Kimball Electronics had a net margin of 3.67% and a return on equity of 9.32%. The firm had revenue of $241.27 million during the quarter. On average, equities analysts forecast that Kimball Electronics, Inc. will post $0.93 earnings per share for the current year.
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Separately, BidaskClub downgraded shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th.
Kimball Electronics Company Profile
Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.
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