BK Technologies Co. (NYSEAMERICAN:BKTI) Stock Holdings Lifted by Lazard Asset Management LLC

Lazard Asset Management LLC increased its holdings in BK Technologies Co. (NYSEAMERICAN:BKTI) by 2,988.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,544 shares of the company’s stock after buying an additional 1,494 shares during the period. Lazard Asset Management LLC’s holdings in BK Technologies were worth $52,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. lifted its stake in BK Technologies by 64,342.9% in the third 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 last quarter. IFP Advisors Inc acquired a new stake in shares of BK Technologies in the 4th quarter worth about $99,000. American Century Companies Inc. bought a new stake in BK Technologies in the 4th quarter valued at about $306,000. O Shaughnessy Asset Management LLC bought a new stake in BK Technologies in the 4th quarter valued at about $863,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in BK Technologies during the 4th quarter valued at about $215,000. Institutional investors own 55.05% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital raised their price target on shares of BK Technologies from $51.00 to $55.00 and gave the company a “buy” rating in a research note on Wednesday, May 14th.

BK Technologies Trading Up 0.1%

Shares of BKTI stock opened at $44.83 on Monday. BK Technologies Co. has a 1 year low of $11.67 and a 1 year high of $48.43. The firm’s fifty day moving average price is $41.41. The firm has a market cap of $159.59 million, a PE ratio of 32.72 and a beta of 1.22.

About BK Technologies

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).