Kimball Electronics Inc (NASDAQ:KE) Shares Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. increased its position in shares of Kimball Electronics Inc (NASDAQ:KE) by 17.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,569 shares of the electronics maker’s stock after purchasing an additional 1,283 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Kimball Electronics were worth $139,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Russell Investments Group Ltd. raised its holdings in shares of Kimball Electronics by 175.7% in the second quarter. Russell Investments Group Ltd. now owns 723,783 shares of the electronics maker’s stock worth $11,752,000 after acquiring an additional 461,238 shares during the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Kimball Electronics by 65.9% in the second quarter. CIBC Private Wealth Group LLC now owns 146,368 shares of the electronics maker’s stock worth $2,377,000 after acquiring an additional 58,148 shares during the last quarter. IndexIQ Advisors LLC acquired a new position in shares of Kimball Electronics in the first quarter worth $750,000. JPMorgan Chase & Co. raised its holdings in shares of Kimball Electronics by 6.6% in the first quarter. JPMorgan Chase & Co. now owns 388,489 shares of the electronics maker’s stock worth $6,017,000 after acquiring an additional 24,129 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. raised its holdings in shares of Kimball Electronics by 10.9% in the first quarter. Punch & Associates Investment Management Inc. now owns 188,450 shares of the electronics maker’s stock worth $2,919,000 after acquiring an additional 18,450 shares during the last quarter. 62.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Kimball Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday. TheStreet cut Kimball Electronics from a “b-” rating to a “c+” rating in a report on Wednesday, September 4th.

Shares of NASDAQ KE traded up $0.45 during trading on Friday, reaching $15.76. The company had a trading volume of 7,399 shares, compared to its average volume of 49,722. Kimball Electronics Inc has a twelve month low of $12.48 and a twelve month high of $20.19. The stock has a market capitalization of $387.89 million, a PE ratio of 12.72 and a beta of 1.07. The stock has a 50-day moving average price of $14.42 and a two-hundred day moving average price of $15.35. The company has a current ratio of 2.02, a quick ratio of 1.28 and a debt-to-equity ratio of 0.25.

Kimball Electronics Company Profile

Kimball Electronics, Inc, a contract electronic manufacturing services company, engages in producing various electronics for the automotive, medical, industrial, and public safety end markets. The company's engineering, manufacturing, and supply chain 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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