Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lowered its holdings in Kimball Electronics, Inc. (NASDAQ:KE) by 15.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,279 shares of the electronics maker’s stock after selling 12,296 shares during the period. Valeo Financial Advisors LLC’s holdings in Kimball Electronics were worth $1,282,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd boosted its holdings in shares of Kimball Electronics by 40.9% in the fourth quarter. Quadrature Capital Ltd now owns 13,948 shares of the electronics maker’s stock worth $376,000 after buying an additional 4,048 shares during the period. Cardinal Capital Management boosted its holdings in shares of Kimball Electronics by 39.0% in the first quarter. Cardinal Capital Management now owns 64,538 shares of the electronics maker’s stock worth $1,397,000 after buying an additional 18,096 shares during the period. Principal Financial Group Inc. acquired a new position in shares of Kimball Electronics in the first quarter worth about $364,000. BNP Paribas Financial Markets boosted its holdings in shares of Kimball Electronics by 17.6% in the first quarter. BNP Paribas Financial Markets now owns 25,923 shares of the electronics maker’s stock worth $561,000 after buying an additional 3,873 shares during the period. Finally, Empowered Funds LLC boosted its holdings in shares of Kimball Electronics by 70.2% in the first quarter. Empowered Funds LLC now owns 54,864 shares of the electronics maker’s stock worth $1,188,000 after buying an additional 22,625 shares during the period. Institutional investors and hedge funds own 75.99% of the company’s stock.

Analyst Ratings Changes

KE has been the subject of several recent analyst reports. Cantor Fitzgerald decreased their target price on shares of Kimball Electronics from $28.00 to $22.00 and set an “overweight” rating for the company in a report on Friday, August 16th. B. Riley decreased their price target on shares of Kimball Electronics from $30.00 to $29.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Lake Street Capital decreased their price target on shares of Kimball Electronics from $25.00 to $23.00 and set a “buy” rating for the company in a report on Thursday, August 15th. EF Hutton Acquisition Co. I cut shares of Kimball Electronics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Sidoti cut shares of Kimball Electronics from a “buy” rating to a “neutral” rating and set a $19.00 price target for the company. in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $23.25.

Kimball Electronics Price Performance

Shares of KE opened at $17.65 on Friday. The firm has a market cap of $438.94 million, a PE ratio of 13.79 and a beta of 1.26. The firm’s 50 day moving average price is $18.24 and its 200 day moving average price is $20.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.36 and a current ratio of 2.26. Kimball Electronics, Inc. has a twelve month low of $16.64 and a twelve month high of $27.85.

Kimball Electronics (NASDAQ:KE) last issued its quarterly earnings data on Tuesday, August 13th. The electronics maker reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.08). The business had revenue of $430.16 million for the quarter, compared to the consensus estimate of $429.00 million. Kimball Electronics had a net margin of 1.20% and a return on equity of 6.65%. During the same period in the previous year, the business posted $0.76 EPS. As a group, research analysts expect that Kimball Electronics, Inc. will post 1.17 EPS for the current fiscal year.

Kimball Electronics Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, industrial, and public safety end markets. It provides electronics manufacturing services, including engineering and supply chain support, to customers in the automotive, medical, and industrial end market verticals.