JPMorgan Chase & Co. raised its position in Kimball Electronics Inc (NASDAQ:KE) by 2.7% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 351,322 shares of the electronics maker’s stock after acquiring an additional 9,111 shares during the period. JPMorgan Chase & Co.’s holdings in Kimball Electronics were worth $6,904,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in KE. Tower Research Capital LLC TRC lifted its stake in shares of Kimball Electronics by 1,128.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,251 shares of the electronics maker’s stock worth $115,000 after acquiring an additional 5,742 shares during the period. First Trust Advisors LP lifted its stake in shares of Kimball Electronics by 18.0% in the 2nd 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. Raymond James & Associates lifted its stake in shares of Kimball Electronics by 16.1% in the 2nd quarter. Raymond James & Associates now owns 37,429 shares of the electronics maker’s stock worth $685,000 after acquiring an additional 5,183 shares during the period. Strs Ohio lifted its stake in shares of Kimball Electronics by 9.9% in the 2nd 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. Finally, Millennium Management LLC lifted its stake in shares of Kimball Electronics by 143.7% in the 2nd quarter. Millennium Management LLC now owns 55,415 shares of the electronics maker’s stock worth $1,014,000 after acquiring an additional 32,673 shares during the period. Institutional investors own 61.08% of the company’s stock.
Shares of NASDAQ KE opened at $16.22 on Friday. Kimball Electronics Inc has a 52 week low of $15.70 and a 52 week high of $20.90. The stock has a market capitalization of $426.33 million, a P/E ratio of 13.86 and a beta of 1.02.
Several analysts recently commented on KE shares. BidaskClub cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. TheStreet cut shares of Kimball Electronics from a “b” rating to a “c+” rating in a research note on Wednesday, November 7th.
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Kimball Electronics Company 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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