Stock of the Day: What’s Propelling Ballantyne Strong Inc to Increase So Much?

Stock of the Day: What's Propelling Ballantyne Strong Inc to Increase So Much?

The stock of Ballantyne Strong Inc (NYSEMKT:BTN) is a huge mover today! The stock increased 5.15% or $0.35 on November 29, hitting $7.15. About 104,365 shares traded hands or 415.23% up from the average. Ballantyne Strong Inc (NYSEMKT:BTN) has risen 47.83% since April 26, 2016 and is uptrending. It has outperformed by 42.57% the S&P500.
The move comes after 8 months positive chart setup for the $98.98M company. It was reported on Nov, 29 by Barchart.com. We have $7.72 PT which if reached, will make NYSEMKT:BTN worth $7.92M more.

Analysts await Ballantyne Strong Inc (NYSEMKT:BTN) to report earnings on March, 6.

According to Zacks Investment Research, “Ballantyne is a provider of motion picture projection, digital cinema projection and specialty lighting equipment and services. It supplies major theater chains, top arenas, television and motion picture production studios, theme parks and architectural sites around the world. Formerly Ballantyne of Omaha, Inc., the company is a world-class manufacturer of commercial motion picture equipment and entertainment lighting systems. Marketed under the Strong brand name, the company’s products enjoy worldwide recognition. It primarily operates within two business segments: theatre and lighting. The Company has three wholly owned operational subsidiaries: Strong Westrex, Inc., Strong Technical Services, Inc. and Strong Digital Systems, Inc.”

Insitutional Activity: The institutional sentiment increased to 1.42 in 2016 Q2. Its up 0.50, from 0.92 in 2016Q1. The ratio improved, as 5 funds sold all Ballantyne Strong Inc shares owned while 7 reduced positions. 4 funds bought stakes while 7 increased positions. They now own 5.24 million shares or 18.80% less from 6.46 million shares in 2016Q1.
Jacobs Levy Equity owns 19,933 shares or 0% of their US portfolio. Deutsche National Bank Ag accumulated 0% or 32,563 shares. Brown Brothers Harriman Company accumulated 1,000 shares or 0% of the stock. Northern has 22,292 shares for 0% of their US portfolio. Wells Fargo & Communications Mn last reported 2,500 shares in the company. Blackrock Institutional Na last reported 57,282 shares in the company. California Public Employees Retirement System has invested 0% of its portfolio in Ballantyne Strong Inc (NYSEMKT:BTN). State Of New Jersey Common Pension Fund D holds 510,000 shares or 0.01% of its portfolio. Dimensional Fund L P owns 962,510 shares or 0% of their US portfolio. Geode Mngmt Limited Liability Com last reported 65,729 shares in the company. Benchmark Advsr has 0.07% invested in the company for 17,000 shares. Morgan Stanley, a New York-based fund reported 2,249 shares. Citadel Advisors Lc accumulated 0% or 19,449 shares. The Texas-based Westwood Group Incorporated has invested 0% in Ballantyne Strong Inc (NYSEMKT:BTN). Bankshares Of America De holds 0% or 245 shares in its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 7 insider buys, and 0 selling transactions for $331,997 net activity. Fundamental Global Investors – LLC had bought 5,500 shares worth $30,064 on Monday, June 13. Roschman Robert J bought $8,591 worth of stock. $5,160 worth of Ballantyne Strong Inc (NYSEMKT:BTN) was bought by Schilling Stephen L.. $99,878 worth of Ballantyne Strong Inc (NYSEMKT:BTN) shares were bought by Cerminara Kyle.

More notable recent Ballantyne Strong Inc (NYSEMKT:BTN) news were published by: Seekingalpha.com which released: “Ballantyne Strong: Still Interesting But Downside Protection Decreasing” on November 11, 2016, also Seekingalpha.com with their article: “Cash Is King: Activists Target Ballantyne Strong, Inc.” published on September 23, 2016, Businesswire.com published: “Ballantyne Strong Announces Management Team Changes” on November 03, 2015. More interesting news about Ballantyne Strong Inc (NYSEMKT:BTN) were released by: Seekingalpha.com and their article: “Ballantyne Strong: Adjusted Bottom Line Is Showing Promise” published on August 16, 2016 as well as Businesswire.com‘s news article titled: “Ballantyne Strong Sells Assets of Lighting Business to Syncrolite” with publication date: December 22, 2015.

BTN Company Profile

Ballantyne Strong, Inc., incorporated on May 30, 1995, is a holding company. The Company’s business activities focus on serving the cinema, retail, financial and government markets. The Firm 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. The Firm operates through two divisions: Cinema and Digital Media. The Company’s Cinema activities include the sale of digital projection equipment, screens, and sound systems. The Company’s Digital Media activities include 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. The Company’s products are distributed to the retail, financial, government and cinema markets throughout the world.

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