Pinnacle Holdings LLC Has $1.20 Million Stock Holdings in Kimball Electronics Inc (NASDAQ:KE)

Pinnacle Holdings LLC cut its position in shares of Kimball Electronics Inc (NASDAQ:KE) by 5.9% during the second quarter, Holdings Channel reports. The institutional investor owned 73,850 shares of the electronics maker’s stock after selling 4,635 shares during the quarter. Pinnacle Holdings LLC’s holdings in Kimball Electronics were worth $1,199,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in KE. Bank of America Corp DE boosted its holdings in Kimball Electronics by 53.8% during the fourth quarter. Bank of America Corp DE now owns 18,290 shares of the electronics maker’s stock valued at $283,000 after purchasing an additional 6,401 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Kimball Electronics by 376.0% during the first quarter. BNP Paribas Arbitrage SA now owns 5,193 shares of the electronics maker’s stock valued at $80,000 after purchasing an additional 4,102 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Kimball Electronics during the first quarter valued at approximately $156,000. IndexIQ Advisors LLC acquired a new stake in Kimball Electronics during the first quarter valued at approximately $750,000. Finally, JPMorgan Chase & Co. boosted its holdings in Kimball Electronics by 6.6% during the first quarter. JPMorgan Chase & Co. now owns 388,489 shares of the electronics maker’s stock valued at $6,017,000 after purchasing an additional 24,129 shares in the last quarter. 62.07% of the stock is currently owned by institutional investors and hedge funds.

KE has been the topic of a number of recent research reports. TheStreet downgraded Kimball Electronics from a “b-” rating to a “c+” rating in a report on Wednesday, September 4th. BidaskClub raised Kimball Electronics from a “strong sell” rating to a “sell” rating in a report on Tuesday.



Shares of KE traded up $0.49 on Friday, hitting $15.80. The company’s stock had a trading volume of 5,614 shares, compared to its average volume of 46,703. The company has a market capitalization of $369.08 million, a PE ratio of 12.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.02 and a quick ratio of 1.28. Kimball Electronics Inc has a fifty-two week low of $12.48 and a fifty-two week high of $20.19. The company has a 50 day moving average price of $14.42 and a 200 day moving average price of $15.35.

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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