Vanguard Group Inc. Boosts Stock Position in Kimball Electronics Inc (NASDAQ:KE)

Vanguard Group Inc. increased its position in shares of Kimball Electronics Inc (NASDAQ:KE) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,293,619 shares of the electronics maker’s stock after purchasing an additional 5,462 shares during the period. Vanguard Group Inc. owned about 5.09% of Kimball Electronics worth $21,008,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Kimball Electronics in the second quarter valued at $231,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Kimball Electronics by 26.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 75,200 shares of the electronics maker’s stock worth $1,221,000 after purchasing an additional 15,500 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Kimball Electronics by 175.7% in the second quarter. Russell Investments Group Ltd. now owns 723,783 shares of the electronics maker’s stock worth $11,752,000 after purchasing an additional 461,238 shares in the last quarter. CIBC Private Wealth Group LLC boosted its stake in Kimball Electronics by 65.9% in the second quarter. CIBC Private Wealth Group LLC now owns 146,368 shares of the electronics maker’s stock worth $2,377,000 after purchasing an additional 58,148 shares in the last quarter. Finally, Captrust Financial Advisors acquired a new position in Kimball Electronics in the second quarter worth $31,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Several equities analysts have recently issued reports on KE shares. BidaskClub raised Kimball Electronics from a “sell” rating to a “hold” rating in a research note on Monday, September 16th. TheStreet raised Kimball Electronics from a “c+” rating to a “b-” rating in a research note on Wednesday. Finally, ValuEngine lowered Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Friday.

NASDAQ KE traded up $0.20 on Friday, reaching $18.02. The company had a trading volume of 74,200 shares, compared to its average volume of 64,472. The stock has a market cap of $392.71 million, a price-to-earnings ratio of 12.08 and a beta of 1.08. The company has a quick ratio of 1.28, a current ratio of 2.02 and a debt-to-equity ratio of 0.25. The stock’s 50 day moving average is $15.02 and its 200-day moving average is $15.06. Kimball Electronics Inc has a 52 week low of $12.48 and a 52 week high of $18.44.

About Kimball Electronics

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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