American Century Companies Inc. Purchases Shares of 8,930 BK Technologies Co. (NYSEAMERICAN:BKTI)

American Century Companies Inc. bought a new position in shares of BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,930 shares of the company's stock, valued at approximately $306,000. American Century Companies Inc. owned approximately 0.25% of BK Technologies at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in BK Technologies by 52.7% during the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company's stock valued at $658,000 after buying an additional 10,431 shares during the last quarter. Ritholtz Wealth Management purchased a new stake in BK Technologies during the fourth quarter worth approximately $488,000. JPMorgan Chase & Co. increased its position in shares of BK Technologies by 64,342.9% in the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock worth $98,000 after acquiring an additional 4,504 shares in the last quarter. Finally, IFP Advisors Inc purchased a new position in shares of BK Technologies in the 4th quarter valued at $99,000. Institutional investors and hedge funds own 55.05% of the company's stock.

BK Technologies Trading Up 4.6 %

Shares of BK Technologies stock traded up $2.11 on Tuesday, reaching $47.84. 56,871 shares of the company were exchanged, compared to its average volume of 34,778. BK Technologies Co. has a 1-year low of $11.67 and a 1-year high of $48.34. The stock has a market capitalization of $170.31 million, a price-to-earnings ratio of 34.92 and a beta of 1.22.

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Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on shares of BK Technologies in a research report on Friday, February 14th. They issued a "buy" rating and a $40.00 price objective for the company.

BK Technologies Profile

BK Technologies Corporation, through its subsidiary, BK Technologies, Inc, engages in design, manufacture, and markets wireless communications products in the United States and internationally. The company offers two-way land mobile radios (LMR) that are hand-held (portable) or installed in vehicles (mobile).