American International Group Inc. Has $642,000 Stake in KEMET Co. (NYSE:KEM)

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American International Group Inc. decreased its position in KEMET Co. (NYSE:KEM) by 18.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,421 shares of the electronics maker’s stock after selling 7,861 shares during the period. American International Group Inc. owned approximately 0.06% of KEMET worth $642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nokomis Capital L.L.C. boosted its holdings in KEMET by 467.1% in the 4th quarter. Nokomis Capital L.L.C. now owns 1,337,442 shares of the electronics maker’s stock valued at $20,142,000 after purchasing an additional 1,101,612 shares during the period. Royce & Associates LP grew its position in KEMET by 50.0% in the 4th quarter. Royce & Associates LP now owns 1,639,523 shares of the electronics maker’s stock worth $24,691,000 after purchasing an additional 546,790 shares during the last quarter. American Century Companies Inc. bought a new position in KEMET in the 4th quarter worth about $5,794,000. Bank of New York Mellon Corp grew its position in KEMET by 49.9% in the 4th quarter. Bank of New York Mellon Corp now owns 939,333 shares of the electronics maker’s stock worth $14,146,000 after purchasing an additional 312,557 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in KEMET by 1,659.7% in the 4th quarter. Guggenheim Capital LLC now owns 276,596 shares of the electronics maker’s stock worth $4,167,000 after purchasing an additional 260,878 shares during the last quarter. Hedge funds and other institutional investors own 71.38% of the company’s stock.

In other news, VP Claudio Lollini sold 10,000 shares of the stock in a transaction on Monday, May 21st. The shares were sold at an average price of $17.95, for a total transaction of $179,500.00. Following the transaction, the vice president now owns 177,265 shares in the company, valued at approximately $3,181,906.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gurminder S. Bedi sold 24,999 shares of the stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $20.07, for a total transaction of $501,729.93. Following the transaction, the director now owns 81,201 shares in the company, valued at approximately $1,629,704.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 115,899 shares of company stock worth $2,286,463. 2.95% of the stock is currently owned by company insiders.

KEM has been the subject of several recent analyst reports. ValuEngine upgraded shares of KEMET from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of KEMET from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $19.58.

Shares of NYSE:KEM traded up $0.12 during mid-day trading on Monday, hitting $25.41. The stock had a trading volume of 10,899 shares, compared to its average volume of 1,321,300. The company has a market cap of $1.45 billion, a PE ratio of 15.60 and a beta of 3.75. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.37. KEMET Co. has a 12-month low of $11.73 and a 12-month high of $27.35.

KEMET (NYSE:KEM) last released its quarterly earnings data on Thursday, May 17th. The electronics maker reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.04. The firm had revenue of $318.00 million for the quarter, compared to analyst estimates of $306.72 million. KEMET had a net margin of 21.28% and a return on equity of 22.42%. The company’s revenue for the quarter was up 61.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. equities analysts predict that KEMET Co. will post 1.78 earnings per share for the current year.

KEMET Profile

KEMET Corporation, together with its subsidiaries, manufactures and sells passive electronic components under the KEMET brand worldwide and the TOKIN brand in Japan and Korea. The company operates through three segments: Solid Capacitors; Film and Electrolytics; and Electro-magnetic, Sensors & Actuators.

Institutional Ownership by Quarter for KEMET (NYSE:KEM)

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