Geode Capital Management LLC Reduces Position in BK Technologies Co. (NYSEAMERICAN:BKTI)

Geode Capital Management LLC trimmed its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI) by 1.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,664 shares of the company’s stock after selling 560 shares during the quarter. Geode Capital Management LLC owned about 0.83% of BK Technologies worth $1,017,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new stake in BK Technologies during the fourth quarter worth about $863,000. Ritholtz Wealth Management purchased a new stake in shares of BK Technologies in the 4th quarter valued at approximately $488,000. American Century Companies Inc. acquired a new stake in shares of BK Technologies during the 4th quarter worth approximately $306,000. JPMorgan Chase & Co. raised its position in shares of BK Technologies by 64,342.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company’s stock valued at $98,000 after buying an additional 4,504 shares during the period. Finally, IFP Advisors Inc acquired a new position in BK Technologies in the fourth quarter valued at approximately $99,000. 55.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Lake Street Capital raised their target price on BK Technologies from $40.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, April 21st.

BK Technologies Stock Down 1.5 %

Shares of BKTI opened at $43.96 on Friday. BK Technologies Co. has a 1 year low of $11.67 and a 1 year high of $48.43. The stock has a market cap of $156.50 million, a PE ratio of 32.09 and a beta of 1.22. The firm has a 50-day moving average of $37.64.

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).