Ballantyne Strong Inc (BTN) : Cwa Asset Management Group scooped up 52,036 additional shares in Ballantyne Strong Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 592,738 shares of Ballantyne Strong Inc which is valued at $3,283,769.Ballantyne Strong Inc makes up approximately 1.92% of Cwa Asset Management Group’s portfolio.
Other Hedge Funds, Including , Brandywine Global Investment Management sold out all of its stake in BTN during the most recent quarter. The investment firm sold 8,460 shares of BTN which is valued $46,868.Citadel Advisors reduced its stake in BTN by selling 5,036 shares or 20.57% in the most recent quarter. The Hedge Fund company now holds 19,449 shares of BTN which is valued at $107,747.Renaissance Technologies boosted its stake in BTN in the latest quarter, The investment management firm added 74,595 additional shares and now holds a total of 473,495 shares of Ballantyne Strong Inc which is valued at $2,623,162.Blackrock Fund Advisors reduced its stake in BTN by selling 9,676 shares or 24.39% in the most recent quarter. The Hedge Fund company now holds 30,000 shares of BTN which is valued at $166,200.
Ballantyne Strong Inc opened for trading at $6.2 and hit $6.471 on the upside on Thursday, eventually ending the session at $6.34, with a gain of 2.26% or 0.14 points. The heightened volatility saw the trading volume jump to 34,789 shares. Company has a market cap of $90 M.
Ballantyne Strong Inc. designs integrates and installs technology solutions for a range of applications; develops and delivers out-of-home messaging advertising and communications; manufactures projection screens and lighting products and provides managed services including monitoring of networked equipment to its customers. The Company is focused on the retail financial government and cinema markets. The Company operates in two segments: Systems Integration and Managed Services. The Systems Integration Segment includes the sale of digital projection equipment screens sound systems in addition to the design assembly and sale of followspots and other lighting products. The Managed Service Segment includes the delivery of end to end digital signage solutions video communication solutions content creation and management and service of digital signage and digital cinema equipment.