New York Life Investment Management LLC Sells 2,351 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

New York Life Investment Management LLC decreased its position in shares of Kimball Electronics, Inc. (NASDAQ:KEFree Report) by 13.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,750 shares of the electronics maker’s stock after selling 2,351 shares during the period. New York Life Investment Management LLC owned approximately 0.06% of Kimball Electronics worth $404,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. UBS Group AG increased its holdings in shares of Kimball Electronics by 82.3% in the third quarter. UBS Group AG now owns 1,929 shares of the electronics maker’s stock worth $33,000 after buying an additional 871 shares during the period. West Tower Group LLC purchased a new position in shares of Kimball Electronics in the second quarter worth about $55,000. NBC Securities Inc. purchased a new position in shares of Kimball Electronics in the third quarter worth about $81,000. Public Employees Retirement System of Ohio increased its holdings in shares of Kimball Electronics by 38.4% in the third quarter. Public Employees Retirement System of Ohio now owns 2,995 shares of the electronics maker’s stock worth $51,000 after buying an additional 831 shares during the period. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Kimball Electronics by 24.9% in the first quarter. Advisor Group Holdings Inc. now owns 3,042 shares of the electronics maker’s stock worth $62,000 after buying an additional 606 shares during the period. Hedge funds and other institutional investors own 70.56% of the company’s stock.

Kimball Electronics Stock Performance

Kimball Electronics stock opened at $21.28 on Friday. The stock’s 50 day simple moving average is $24.85 and its two-hundred day simple moving average is $26.36. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.94 and a current ratio of 1.97. The stock has a market cap of $529.21 million, a price-to-earnings ratio of 9.81 and a beta of 1.34. Kimball Electronics, Inc. has a fifty-two week low of $19.52 and a fifty-two week high of $31.43.

Wall Street Analyst Weigh In

KE has been the topic of a number of research analyst reports. Cantor Fitzgerald reduced their price target on Kimball Electronics from $33.00 to $28.00 and set an “overweight” rating on the stock in a report on Wednesday. B. Riley reduced their price target on Kimball Electronics from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday.

Read Our Latest Analysis on Kimball Electronics

Kimball Electronics Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kimball Electronics (NASDAQ:KE)

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