Valeo Financial Advisors LLC Has $1.97 Million Stake in Kimball Electronics, Inc. (NASDAQ:KE)

Valeo Financial Advisors LLC reduced its stake in Kimball Electronics, Inc. (NASDAQ:KE) by 7.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,983 shares of the electronics maker’s stock after selling 7,506 shares during the quarter. Valeo Financial Advisors LLC owned approximately 0.37% of Kimball Electronics worth $1,970,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its holdings in Kimball Electronics by 2.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 189,482 shares of the electronics maker’s stock worth $5,188,000 after acquiring an additional 5,121 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Kimball Electronics by 95.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 252,561 shares of the electronics maker’s stock worth $6,915,000 after purchasing an additional 123,096 shares during the period. FMR LLC boosted its stake in Kimball Electronics by 2.1% in the 3rd quarter. FMR LLC now owns 110,528 shares of the electronics maker’s stock worth $3,026,000 after purchasing an additional 2,295 shares during the period. Hsbc Holdings PLC bought a new position in Kimball Electronics in the 3rd quarter worth about $377,000. Finally, Trexquant Investment LP bought a new position in Kimball Electronics in the 3rd quarter worth about $461,000. 75.99% of the stock is owned by hedge funds and other institutional investors.

Kimball Electronics Stock Up 0.9 %

Shares of NASDAQ KE opened at $21.64 on Thursday. Kimball Electronics, Inc. has a 52 week low of $19.62 and a 52 week high of $31.43. The business has a 50-day simple moving average of $22.05 and a two-hundred day simple moving average of $22.56. The company has a quick ratio of 1.12, a current ratio of 2.03 and a debt-to-equity ratio of 0.44. The company has a market cap of $538.19 million, a P/E ratio of 16.91 and a beta of 1.30.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Tuesday, May 7th. The electronics maker reported $0.34 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.06). Kimball Electronics had a return on equity of 8.70% and a net margin of 1.81%. The company had revenue of $425.04 million during the quarter, compared to the consensus estimate of $448.20 million. Research analysts anticipate that Kimball Electronics, Inc. will post 1.53 earnings per share for the current fiscal year.

About Kimball Electronics

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.