Uniplan Investment Counsel Inc. Sells 38,497 Shares of BK Technologies Co. (NYSEAMERICAN:BKTI)

Uniplan Investment Counsel Inc. reduced its position in BK Technologies Co. (NYSEAMERICAN:BKTI - Free Report) by 33.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,227 shares of the company's stock after selling 38,497 shares during the period. Uniplan Investment Counsel Inc. owned about 2.17% of BK Technologies worth $2,648,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Ritholtz Wealth Management purchased a new position in BK Technologies during the fourth quarter valued at approximately $488,000. American Century Companies Inc. purchased a new position in BK Technologies during the fourth quarter valued at approximately $306,000. JPMorgan Chase & Co. grew its position in BK Technologies by 64,342.9% during the third quarter. JPMorgan Chase & Co. now owns 4,511 shares of the company's stock valued at $98,000 after purchasing an additional 4,504 shares in the last quarter. Geode Capital Management LLC grew its position in BK Technologies by 52.7% during the third 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. Finally, O Shaughnessy Asset Management LLC purchased a new position in BK Technologies during the fourth quarter valued at approximately $863,000. 55.05% of the stock is owned by hedge funds and other institutional investors.

BK Technologies Stock Performance

Shares of NYSEAMERICAN:BKTI traded down $1.61 during midday trading on Friday, reaching $43.62. 20,529 shares of the company's stock were exchanged, compared to its average volume of 35,710. BK Technologies Co. has a 12 month low of $11.67 and a 12 month high of $48.43. The company has a market capitalization of $155.29 million, a price-to-earnings ratio of 31.84 and a beta of 1.22.

Analyst Ratings Changes

Separately, Lake Street Capital lifted their target price on shares of BK Technologies from $40.00 to $51.00 and gave the company a "buy" rating in a research note on Monday, April 21st.

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).