American Century Companies Inc. Raises Stock Holdings in Bk Technologies, Inc. $BKTI

Key Points

• American Century Companies Inc. increased its holdings in Bk Technologies by 43.0% in Q1, now owning 12,769 shares valued at $501,000.
• Ritholtz Wealth Management significantly raised its position in Bk Technologies by 68.4% in Q1, bringing its total to 23,973 shares valued at $940,000.
• Lake Street Capital upgraded Bk Technologies with a buy rating and increased the price target from $55 to $74.

American Century Companies Inc. raised its holdings in shares of Bk Technologies, Inc. (NYSEAMERICAN:BKTI - Free Report) by 43.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,769 shares of the company's stock after acquiring an additional 3,839 shares during the period. American Century Companies Inc. owned about 0.36% of Bk Technologies worth $501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its position in Bk Technologies by 3,882.6% during the fourth quarter. Bank of America Corp DE now owns 916 shares of the company's stock valued at $31,000 after acquiring an additional 893 shares during the last quarter. Lazard Asset Management LLC grew its position in Bk Technologies by 2,988.0% during the fourth quarter. Lazard Asset Management LLC now owns 1,544 shares of the company's stock valued at $52,000 after acquiring an additional 1,494 shares during the last quarter. Barclays PLC bought a new position in Bk Technologies during the fourth quarter valued at approximately $60,000. Bridgeway Capital Management LLC bought a new position in Bk Technologies during the fourth quarter valued at approximately $314,000. Finally, Northern Trust Corp grew its position in Bk Technologies by 68.7% during the fourth quarter. Northern Trust Corp now owns 18,487 shares of the company's stock valued at $634,000 after acquiring an additional 7,528 shares during the last quarter. 55.05% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Branko Avanic sold 2,031 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $68.89, for a total transaction of $139,915.59. Following the completion of the transaction, the insider directly owned 12,969 shares in the company, valued at approximately $893,434.41. The trade was a 13.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 12.50% of the company's stock.

Bk Technologies Trading Up 4.4%

Shares of NYSEAMERICAN:BKTI traded up $2.98 during mid-day trading on Thursday, reaching $71.43. 45,922 shares of the company traded hands, compared to its average volume of 90,057. The stock's 50 day simple moving average is $52.46. The company has a market capitalization of $266.43 million, a price-to-earnings ratio of 23.27 and a beta of 0.43. Bk Technologies, Inc. has a 52 week low of $19.19 and a 52 week high of $73.69.

Analyst Upgrades and Downgrades

Separately, Lake Street Capital increased their price target on shares of Bk Technologies from $55.00 to $74.00 and gave the company a "buy" rating in a research report on Friday, August 15th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $74.00.

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).