Kimball Electronics, Inc. (NASDAQ:KE) Shares Sold by First Horizon Advisors Inc.

Posted by Defense World Staff on Feb 15th, 2023

First Horizon Advisors Inc. lowered its position in shares of Kimball Electronics, Inc. (NASDAQ:KE – Get Rating) by 63.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,607 shares of the electronics maker’s stock after selling 2,849 shares during the quarter. First Horizon Advisors Inc.’s holdings in Kimball Electronics were worth $27,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Front Street Capital Management Inc. boosted its position in Kimball Electronics by 0.3% during the third quarter. Front Street Capital Management Inc. now owns 170,068 shares of the electronics maker’s stock worth $2,917,000 after purchasing an additional 525 shares during the period. Russell Investments Group Ltd. increased its stake in Kimball Electronics by 2.9% in the third quarter. Russell Investments Group Ltd. now owns 26,073 shares of the electronics maker’s stock valued at $445,000 after acquiring an additional 747 shares during the period. Great West Life Assurance Co. Can acquired a new position in shares of Kimball Electronics in the 3rd quarter worth approximately $88,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Kimball Electronics by 75.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,099 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 905 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of Kimball Electronics during the third quarter worth approximately $184,000. Hedge funds and other institutional investors own 66.82% of the company’s stock.

Kimball Electronics Stock Down 1.5 %

KE stock opened at $26.16 on Wednesday. The business’s 50 day simple moving average is $24.22 and its 200 day simple moving average is $21.94. The company has a current ratio of 1.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $646.78 million, a PE ratio of 14.95 and a beta of 1.42. Kimball Electronics, Inc. has a 1-year low of $16.66 and a 1-year high of $28.18.

Wall Street Analyst Weigh In

KE has been the subject of several research analyst reports. Lake Street Capital boosted their price objective on shares of Kimball Electronics from $27.00 to $32.00 in a research report on Wednesday, February 8th. StockNews.com cut shares of Kimball Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, February 2nd.

Kimball Electronics Company Profile

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Kimball Electronics, Inc engages in the provision of engineering, manufacturing and supply of chain services to customers in the automotive, medical, industrial and public safety end markets. It offers the following solutions: design services, rapid prototyping and new product introduction support, production and testing of printed circuit board assemblies, industrialization and automation of manufacturing processes, reliability testing, assembly, production and packaging of other related non-electronic products, supply chain services and complete product life cycle management.