Royce & Associates LP Decreases Holdings in Ballantyne Strong Inc (BTN)

Royce & Associates LP reduced its holdings in shares of Ballantyne Strong Inc (NYSEAMERICAN:BTN) by 36.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,039 shares of the consumer goods maker’s stock after selling 102,134 shares during the quarter. Royce & Associates LP owned 1.22% of Ballantyne Strong worth $1,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CWA Asset Management Group LLC lifted its position in shares of Ballantyne Strong by 25.1% during the second quarter. CWA Asset Management Group LLC now owns 1,031,090 shares of the consumer goods maker’s stock worth $6,908,000 after purchasing an additional 206,839 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ballantyne Strong by 9.1% during the second quarter. Vanguard Group Inc. now owns 490,494 shares of the consumer goods maker’s stock worth $3,286,000 after purchasing an additional 41,105 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ballantyne Strong by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,032,593 shares of the consumer goods maker’s stock worth $6,918,000 after purchasing an additional 15,320 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Ballantyne Strong by 1.5% during the second quarter. New York State Common Retirement Fund now owns 336,535 shares of the consumer goods maker’s stock worth $2,255,000 after purchasing an additional 4,823 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Ballantyne Strong during the second quarter worth $239,000.

Separately, TheStreet cut shares of Ballantyne Strong from a “c-” rating to a “d+” rating in a research report on Thursday, December 7th.

Shares of Ballantyne Strong Inc (BTN) opened at $4.75 on Friday. The stock has a market cap of $65.63, a price-to-earnings ratio of -31.67 and a beta of 0.18. Ballantyne Strong Inc has a twelve month low of $4.05 and a twelve month high of $8.10.

Ballantyne Strong (NYSEAMERICAN:BTN) last issued its earnings results on Monday, November 6th. The consumer goods maker reported ($0.07) earnings per share for the quarter. The business had revenue of $12.81 million for the quarter. Ballantyne Strong had a negative return on equity of 9.29% and a negative net margin of 1.45%.

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About Ballantyne Strong

Ballantyne Strong, Inc is a holding company. The Company’s business activities focus on serving the cinema, retail, financial and government markets. The Company and its subsidiaries design, integrate and install technology solutions for a range of applications; develop and deliver out-of-home messaging, advertising and communications; manufacture projection screens, and provide managed services, including monitoring of networked equipment to its customers.

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Institutional Ownership by Quarter for Ballantyne Strong (NYSEAMERICAN:BTN)

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