Alliancebernstein L.P. Sells 1,090 Shares of Kimball Electronics, Inc. (NASDAQ:KE)

Alliancebernstein L.P. trimmed its holdings in shares of Kimball Electronics, Inc. (NASDAQ:KE) by 4.9% in the 4th quarter, Holdings Channel reports. The firm owned 21,080 shares of the electronics maker’s stock after selling 1,090 shares during the quarter. Alliancebernstein L.P.’s holdings in Kimball Electronics were worth $395,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in KE. KLP Kapitalforvaltning AS purchased a new position in Kimball Electronics during the 4th quarter worth $82,000. SG Americas Securities LLC lifted its holdings in shares of Kimball Electronics by 28.9% in the 4th quarter. SG Americas Securities LLC now owns 11,283 shares of the electronics maker’s stock worth $211,000 after buying an additional 2,528 shares during the period. AlphaQuest LLC grew its position in shares of Kimball Electronics by 358.2% during the 4th quarter. AlphaQuest LLC now owns 15,223 shares of the electronics maker’s stock worth $285,000 after buying an additional 11,901 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Kimball Electronics during the fourth quarter valued at $397,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Kimball Electronics by 17.6% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 28,992 shares of the electronics maker’s stock valued at $543,000 after acquiring an additional 4,329 shares in the last quarter. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Price Performance

Shares of KE stock opened at $13.18 on Monday. The stock’s 50-day moving average is $16.06 and its 200 day moving average is $17.77. Kimball Electronics, Inc. has a 1-year low of $12.41 and a 1-year high of $24.45. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.28 and a quick ratio of 1.29. The company has a market cap of $323.63 million, a P/E ratio of 41.19 and a beta of 1.18.

Kimball Electronics (NASDAQ:KE) last released its quarterly earnings results on Tuesday, February 4th. The electronics maker reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Kimball Electronics had a net margin of 0.51% and a return on equity of 5.48%. Research analysts predict that Kimball Electronics, Inc. will post 0.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

KE has been the topic of several recent research reports. StockNews.com upgraded shares of Kimball Electronics from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Lake Street Capital lowered their price target on shares of Kimball Electronics from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.75.

Kimball Electronics Company Profile

Kimball Electronics, Inc engages in the provision of electronics manufacturing, engineering, and supply chain support services to customers in the automotive, medical, and industrial end markets. The Company also offers contract manufacturing services, including engineering and supply chain support for the production of electronic assemblies and other products, including non-electronic components, medical devices, medical disposables, and precision molded plastics, as well as automation, test, and inspection equipment primarily used in automotive, medical, and industrial applications.