Envestnet Asset Management Inc. Raises Position in Kimball Electronics, Inc. (NASDAQ:KE)

Envestnet Asset Management Inc. grew its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KEGet Rating) by 37.4% during the second quarter, HoldingsChannel reports. The firm owned 90,321 shares of the electronics maker’s stock after purchasing an additional 24,599 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Kimball Electronics were worth $1,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Kimball Electronics by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,388,705 shares of the electronics maker’s stock worth $27,759,000 after buying an additional 25,073 shares during the last quarter. State Street Corp increased its holdings in shares of Kimball Electronics by 6.6% during the 1st quarter. State Street Corp now owns 619,714 shares of the electronics maker’s stock worth $12,388,000 after buying an additional 38,519 shares during the last quarter. Earnest Partners LLC increased its holdings in shares of Kimball Electronics by 43.9% during the 1st quarter. Earnest Partners LLC now owns 595,373 shares of the electronics maker’s stock worth $11,902,000 after buying an additional 181,737 shares during the last quarter. Bank of America Corp DE increased its holdings in Kimball Electronics by 39.0% in the 1st quarter. Bank of America Corp DE now owns 523,205 shares of the electronics maker’s stock valued at $10,459,000 after purchasing an additional 146,825 shares in the last quarter. Finally, Hodges Capital Management Inc. increased its holdings in Kimball Electronics by 2.5% in the 2nd quarter. Hodges Capital Management Inc. now owns 423,913 shares of the electronics maker’s stock valued at $8,521,000 after purchasing an additional 10,256 shares in the last quarter. 74.35% of the stock is currently owned by institutional investors and hedge funds.

Kimball Electronics Stock Up 3.2 %

Shares of NASDAQ KE opened at $23.30 on Friday. Kimball Electronics, Inc. has a 12-month low of $16.66 and a 12-month high of $24.84. The company has a market cap of $575.74 million, a P/E ratio of 15.33 and a beta of 1.39. The company has a current ratio of 1.86, a quick ratio of 0.84 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average price of $19.58 and a 200 day moving average price of $19.95.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st.

About Kimball Electronics

(Get Rating)

Kimball Electronics, Inc provides contract electronics manufacturing services and diversified manufacturing services to customers in the automotive, medical, industrial, and public safety end markets. The company's manufacturing 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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