Northern Trust Corp Raises Holdings in Key Tronic Co. (NASDAQ:KTCC)

Northern Trust Corp grew its holdings in Key Tronic Co. (NASDAQ:KTCC) by 59.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,423 shares of the technology company’s stock after buying an additional 19,513 shares during the quarter. Northern Trust Corp owned about 0.49% of Key Tronic worth $219,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of KTCC. Tieton Capital Management LLC lifted its holdings in 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 during the period. Kennedy Capital Management LLC lifted its stake 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. Finally, Renaissance Technologies LLC boosted its holdings in Key Tronic by 63.5% during the fourth quarter. Renaissance Technologies LLC now owns 95,300 shares of the technology company’s stock worth $397,000 after buying an additional 37,000 shares in the last quarter. 40.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on shares of Key Tronic in a report on Thursday, May 15th. They issued a “strong-buy” rating for the company.

Key Tronic Stock Performance

NASDAQ KTCC opened at $2.84 on Tuesday. Key Tronic Co. has a 1-year low of $2.21 and a 1-year high of $6.14. The company has a market capitalization of $30.56 million, a P/E ratio of -4.98 and a beta of 1.00. The business has a 50 day moving average price of $2.56 and a 200 day moving average price of $3.45. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.78 and a quick ratio of 1.71.

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

Insider Activity at Key Tronic

In related news, Director Craig D. Gates acquired 45,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average cost of $2.41 per share, for a total transaction of $108,450.00. Following the transaction, the director now directly owns 266,701 shares of the company’s stock, valued at approximately $642,749.41. This trade represents a 20.30% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by corporate insiders.

Key Tronic Company 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.