Here is What Hedge Funds Think About Kimball Electronics Inc (KE)

Consequently, some big names have been driving this bullishness. Citadel Investment Group, led by Ken Griffin, established the largest position in Kimball Electronics Inc (NASDAQ:KE). Citadel Investment Group had $0.4 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $0.1 million investment in the stock during the quarter.

Let’s check out hedge fund activity in other stocks similar to Kimball Electronics Inc (NASDAQ:KE). These stocks are Cross Country Healthcare, Inc. (NASDAQ:CCRN), Cowen Group, Inc. (NASDAQ:COWN), Guaranty Bancorp (NASDAQ:GBNK), and Ascendis Pharma A/S (NASDAQ:ASND). This group of stocks’ market valuations match KE’s market valuation.

As you can see these stocks had an average of 11 hedge funds with bullish positions and the average amount invested in these stocks was $90 million. That figure was $18 million in KE’s case. Cross Country Healthcare, Inc. (NASDAQ:CCRN) is the most popular stock in this table. On the other hand Cowen Group, Inc. (NASDAQ:COWN) is the least popular one with only 10 bullish hedge fund positions. Compared to these stocks Kimball Electronics Inc (NASDAQ:KE) is even less popular than COWN. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None