Kimball Electronics, Inc. (KE) Position Held by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan continued to hold its stake in Kimball Electronics, Inc. (NASDAQ:KE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 59,440 shares of the electronics maker’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan owned 0.22% of Kimball Electronics worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KE. US Bancorp DE raised its stake in shares of Kimball Electronics by 0.5% in the first quarter. US Bancorp DE now owns 36,217 shares of the electronics maker’s stock worth $614,000 after buying an additional 169 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Kimball Electronics by 12.5% in the first quarter. Nordea Investment Management AB now owns 8,100 shares of the electronics maker’s stock worth $137,000 after buying an additional 900 shares in the last quarter. American International Group Inc. raised its stake in shares of Kimball Electronics by 7.1% in the first quarter. American International Group Inc. now owns 17,291 shares of the electronics maker’s stock worth $293,000 after buying an additional 1,139 shares in the last quarter. Martingale Asset Management L P raised its stake in shares of Kimball Electronics by 1.5% in the first quarter. Martingale Asset Management L P now owns 111,322 shares of the electronics maker’s stock worth $1,887,000 after buying an additional 1,610 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its position in shares of Kimball Electronics by 14.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 30,111 shares of the electronics maker’s stock worth $548,000 after buying an additional 3,796 shares during the period. Institutional investors and hedge funds own 55.63% of the company’s stock.

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

Shares of Kimball Electronics, Inc. (KE) traded down 0.27% during trading on Tuesday, reaching $18.15. 11,192 shares of the company were exchanged. The stock has a 50-day moving average price of $17.31 and a 200-day moving average price of $17.07. Kimball Electronics, Inc. has a one year low of $11.54 and a one year high of $19.00. The stock has a market capitalization of $492.36 million, a PE ratio of 16.13 and a beta of 0.96.

Kimball Electronics (NASDAQ:KE) last issued its earnings results on Monday, May 1st. The electronics maker reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.07. The firm had revenue of $232.93 million during the quarter. Kimball Electronics had a net margin of 3.50% and a return on equity of 8.65%. Analysts forecast that Kimball Electronics, Inc. will post $0.93 EPS for the current year.

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Separately, TheStreet upgraded shares of Kimball Electronics from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th.

Kimball Electronics Company Profile

Kimball Electronics, Inc (Kimball Electronics) is an electronics manufacturing services (EMS) company. The Company is engaged in producing electronics for the automotive, medical, industrial and public safety markets. It provides design, engineering, manufacturing, packaging and distribution of electronic assemblies and circuit boards on a contract basis to a range of industries.

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