Pinnacle Holdings LLC Purchases Shares of 66,552 Kimball Electronics, Inc. $KE

Pinnacle Holdings LLC purchased a new position in Kimball Electronics, Inc. (NASDAQ:KE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 66,552 shares of the electronics maker’s stock, valued at approximately $1,704,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Kimball Electronics in the second quarter worth about $62,468,000. Oxford Financial Group LTD. LLC purchased a new stake in shares of Kimball Electronics in the second quarter worth about $7,314,000. BNP Paribas Financial Markets boosted its stake in Kimball Electronics by 10,263.5% during the third quarter. BNP Paribas Financial Markets now owns 260,850 shares of the electronics maker’s stock valued at $7,789,000 after buying an additional 258,333 shares during the last quarter. Globeflex Capital L P bought a new position in Kimball Electronics during the second quarter valued at approximately $3,207,000. Finally, Millennium Management LLC boosted its stake in Kimball Electronics by 403.0% during the fourth quarter. Millennium Management LLC now owns 130,160 shares of the electronics maker’s stock valued at $3,621,000 after buying an additional 104,281 shares during the last quarter. Institutional investors own 75.99% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on KE. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kimball Electronics in a research note on Tuesday, August 4th. Wall Street Zen downgraded Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, July 4th. Zacks Research raised shares of Kimball Electronics from a “hold” rating to a “strong-buy” rating in a report on Monday, July 6th. Finally, KeyCorp began coverage on shares of Kimball Electronics in a research report on Thursday, July 2nd. They issued a “sector weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Kimball Electronics has a consensus rating of “Moderate Buy” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

Shares of NASDAQ KE opened at $23.11 on Monday. Kimball Electronics, Inc. has a 1-year low of $21.01 and a 1-year high of $33.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 1.27. The business’s 50 day moving average is $25.06 and its two-hundred day moving average is $25.15. The stock has a market capitalization of $553.95 million, a P/E ratio of 20.45, a PEG ratio of 1.03 and a beta of 1.23.

Kimball Electronics (NASDAQ:KE) last posted its quarterly earnings data on Wednesday, August 12th. The electronics maker reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The company had revenue of $371.57 million during the quarter, compared to the consensus estimate of $373.63 million. Kimball Electronics had a net margin of 1.95% and a return on equity of 4.41%. As a group, research analysts expect that Kimball Electronics, Inc. will post 1.13 EPS for the current year.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.