Dimensional Fund Advisors LP Sells 8,198 Shares of Key Tronic Co. (NASDAQ:KTCC)

Dimensional Fund Advisors LP cut its stake in Key Tronic Co. (NASDAQ:KTCC) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 733,549 shares of the technology company’s stock after selling 8,198 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.82% of Key Tronic worth $3,059,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Kennedy Capital Management LLC raised its position in shares of Key Tronic by 9.3% in the fourth quarter. Kennedy Capital Management LLC now owns 141,625 shares of the technology company’s stock valued at $591,000 after purchasing an additional 12,023 shares during the period. Renaissance Technologies LLC grew its stake in shares of Key Tronic by 63.5% in the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock valued at $397,000 after acquiring an additional 37,000 shares in the last quarter. Finally, Tieton Capital Management LLC grew its stake in shares of Key Tronic by 23.1% in the fourth quarter. Tieton Capital Management LLC now owns 749,083 shares of the technology company’s stock valued at $3,124,000 after acquiring an additional 140,573 shares in the last quarter. 40.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Key Tronic in a research note on Wednesday, May 7th. They issued a “strong-buy” rating on the stock.

Key Tronic Trading Up 1.7%

KTCC stock opened at $2.38 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.71 and a current ratio of 2.78. The company’s 50-day simple moving average is $2.50 and its 200 day simple moving average is $3.76. Key Tronic Co. has a 52 week low of $2.21 and a 52 week high of $6.14. The company has a market capitalization of $25.61 million, a PE ratio of -4.18 and a beta of 1.00.

Key Tronic (NASDAQ:KTCC) last announced its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $111.97 million for the quarter. Key Tronic had a negative return on equity of 3.23% and a negative net margin of 1.17%.

Key Tronic Profile

Key Tronic Corporation provides contract manufacturing services to original equipment manufacturers in the United States and internationally. The company offers integrated electronic and mechanical engineering, assembly, sourcing and procurement, logistics, and new product testing services. Its services include product design; surface mount technologies and pin through hole capability for printed circuit board assembly; tool making; precision plastic molding; sheet metal fabrication and painting; liquid injection molding; complex assembly; prototype design; and full product assembly services.