Teton Advisors LLC Takes $956,000 Position in Kimball Electronics, Inc. $KE

Teton Advisors LLC acquired a new stake in Kimball Electronics, Inc. (NASDAQ:KE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 32,000 shares of the electronics maker’s stock, valued at approximately $956,000.

Several other hedge funds have also recently bought and sold shares of the stock. Lazard Asset Management LLC lifted its stake in Kimball Electronics by 0.9% in the second quarter. Lazard Asset Management LLC now owns 63,912 shares of the electronics maker’s stock valued at $1,229,000 after buying an additional 561 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Kimball Electronics by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,687 shares of the electronics maker’s stock valued at $242,000 after purchasing an additional 624 shares during the period. Rhumbline Advisers raised its stake in shares of Kimball Electronics by 2.1% in the 3rd quarter. Rhumbline Advisers now owns 36,913 shares of the electronics maker’s stock valued at $1,102,000 after purchasing an additional 772 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Kimball Electronics by 78.8% in the third quarter. PNC Financial Services Group Inc. now owns 2,187 shares of the electronics maker’s stock valued at $65,000 after purchasing an additional 964 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in Kimball Electronics in the 3rd quarter valued at approximately $31,000. 75.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Lake Street Capital restated a “buy” rating and set a $32.00 price objective on shares of Kimball Electronics in a research note on Friday, November 7th. Zacks Research lowered Kimball Electronics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 6th. Wall Street Zen cut shares of Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Kimball Electronics presently has a consensus rating of “Moderate Buy” and an average target price of $32.00.

Kimball Electronics Trading Down 6.8%

Shares of KE stock opened at $22.63 on Friday. The stock has a market cap of $547.87 million, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 0.89 and a beta of 1.20. Kimball Electronics, Inc. has a 1 year low of $12.41 and a 1 year high of $33.19. The company has a current ratio of 2.21, a quick ratio of 1.31 and a debt-to-equity ratio of 0.22. The stock has a 50 day simple moving average of $27.52 and a 200 day simple moving average of $28.61.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Wednesday, February 4th. The electronics maker reported $0.28 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.28. Kimball Electronics had a return on equity of 6.09% and a net margin of 1.65%.The firm had revenue of $341.28 million for the quarter, compared to the consensus estimate of $339.34 million. On average, research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.