Kimball Electronics, Inc. (NASDAQ:KE) Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. boosted its position in Kimball Electronics, Inc. (NASDAQ:KE) by 24.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 57,487 shares of the electronics maker’s stock after purchasing an additional 11,400 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Kimball Electronics were worth $1,077,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Kimball Electronics by 0.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 95,526 shares of the electronics maker’s stock valued at $1,768,000 after purchasing an additional 556 shares during the period. Point72 DIFC Ltd purchased a new position in Kimball Electronics in the third quarter valued at about $25,000. Victory Capital Management Inc. increased its holdings in Kimball Electronics by 2.5% in the fourth quarter. Victory Capital Management Inc. now owns 64,684 shares of the electronics maker’s stock valued at $1,212,000 after buying an additional 1,555 shares in the last quarter. Foundry Partners LLC increased its holdings in Kimball Electronics by 1.0% in the third quarter. Foundry Partners LLC now owns 219,055 shares of the electronics maker’s stock valued at $4,055,000 after buying an additional 2,100 shares in the last quarter. Finally, Cardinal Capital Management increased its holdings in Kimball Electronics by 2.7% in the fourth quarter. Cardinal Capital Management now owns 92,263 shares of the electronics maker’s stock valued at $1,728,000 after buying an additional 2,459 shares in the last quarter. Institutional investors and hedge funds own 75.99% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KE. StockNews.com raised shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital dropped their price objective on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Kimball Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Trading Down 1.5 %

Shares of KE opened at $17.04 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The firm has a 50 day simple moving average of $17.72 and a 200-day simple moving average of $18.28. Kimball Electronics, Inc. has a 1-year low of $15.94 and a 1-year high of $24.45. The stock has a market cap of $418.42 million, a price-to-earnings ratio of 53.25 and a beta of 1.21.

Kimball Electronics (NASDAQ:KE) last announced its earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Kimball Electronics, Inc. will post 0.89 EPS for the current fiscal year.

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.