Renaissance Technologies LLC Has $5.86 Million Holdings in Kimball Electronics Inc (KE)

Renaissance Technologies LLC lowered its position in Kimball Electronics Inc (NASDAQ:KE) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 320,275 shares of the electronics maker’s stock after selling 8,500 shares during the period. Renaissance Technologies LLC owned approximately 1.20% of Kimball Electronics worth $5,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Adviser Investments LLC purchased a new position in shares of Kimball Electronics during the second quarter worth approximately $117,000. First Trust Advisors LP increased its position in shares of Kimball Electronics by 18.0% during the second quarter. First Trust Advisors LP now owns 30,252 shares of the electronics maker’s stock worth $554,000 after acquiring an additional 4,611 shares during the period. Strs Ohio increased its position in shares of Kimball Electronics by 9.9% during the second quarter. Strs Ohio now owns 40,100 shares of the electronics maker’s stock worth $733,000 after acquiring an additional 3,600 shares during the period. New York State Common Retirement Fund increased its position in shares of Kimball Electronics by 11.3% during the first quarter. New York State Common Retirement Fund now owns 56,212 shares of the electronics maker’s stock worth $908,000 after acquiring an additional 5,727 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Kimball Electronics by 7.0% during the first quarter. California Public Employees Retirement System now owns 62,940 shares of the electronics maker’s stock worth $1,016,000 after acquiring an additional 4,140 shares during the period. 60.37% of the stock is owned by institutional investors and hedge funds.

Separately, BidaskClub raised shares of Kimball Electronics from a “sell” rating to a “hold” rating in a research report on Friday, October 5th.

Shares of NASDAQ:KE opened at $18.02 on Friday. The company has a market cap of $522.39 million, a PE ratio of 15.23 and a beta of 1.04. Kimball Electronics Inc has a one year low of $15.75 and a one year high of $22.45.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, August 1st. The electronics maker reported $0.27 EPS for the quarter. The business had revenue of $276.77 million for the quarter. Kimball Electronics had a net margin of 1.56% and a return on equity of 9.87%.

Kimball Electronics 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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