Renaissance Technologies LLC trimmed its stake in shares of BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 116,970 shares of the company's stock after selling 12,600 shares during the quarter. Renaissance Technologies LLC owned about 3.29% of BK Technologies worth $4,011,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of BK Technologies by 52.7% in the 3rd quarter. Geode Capital Management LLC now owns 30,224 shares of the company's stock valued at $658,000 after purchasing an additional 10,431 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of BK Technologies during the 4th quarter worth $863,000. Ritholtz Wealth Management bought a new stake in shares of BK Technologies during the 4th quarter worth $488,000. American Century Companies Inc. acquired a new stake in BK Technologies in the fourth quarter valued at about $306,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in BK Technologies in the fourth quarter valued at about $215,000. 55.05% of the stock is owned by institutional investors and hedge funds.
BK Technologies Trading Up 10.4 %
BK Technologies stock opened at $46.01 on Wednesday. The company has a market cap of $163.80 million, a price-to-earnings ratio of 33.58 and a beta of 1.22. BK Technologies Co. has a 52-week low of $11.67 and a 52-week high of $48.43.
Analyst Upgrades and Downgrades
Separately, Lake Street Capital increased their price target on BK Technologies from $40.00 to $51.00 and gave the company a "buy" rating in a research note on Monday.
Check Out Our Latest Report on BKTI
BK Technologies Profile
(
Free Report)
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).
See Also
Want to see what other hedge funds are holding BKTI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report).
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