Great West Life Assurance Co. Can trimmed its position in BlackBerry Ltd (NYSE:BB) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 669,299 shares of the company’s stock after selling 14,276 shares during the period. Great West Life Assurance Co. Can owned approximately 0.12% of BlackBerry worth $4,694,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of the stock. State of Tennessee Treasury Department increased its position in BlackBerry by 0.4% in the 4th quarter. State of Tennessee Treasury Department now owns 381,265 shares of the company’s stock valued at $2,712,000 after buying an additional 1,378 shares in the last quarter. Sound Income Strategies LLC bought a new stake in BlackBerry in the 4th quarter valued at about $28,000. CIBC Private Wealth Group LLC increased its position in BlackBerry by 8.4% in the 4th quarter. CIBC Private Wealth Group LLC now owns 50,930 shares of the company’s stock valued at $362,000 after buying an additional 3,933 shares in the last quarter. Csenge Advisory Group bought a new stake in BlackBerry in the 3rd quarter valued at about $35,000. Finally, Gradient Investments LLC bought a new stake in BlackBerry in the 4th quarter valued at about $36,000. 51.89% of the stock is owned by institutional investors and hedge funds.
BB has been the subject of a number of research analyst reports. CIBC lowered BlackBerry to a “buy” rating in a research report on Sunday, December 30th. TheStreet raised BlackBerry from a “d+” rating to a “c-” rating in a research report on Wednesday. BMO Capital Markets reaffirmed a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a research report on Friday, December 21st. Canaccord Genuity decreased their target price on BlackBerry from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Friday, December 21st. Finally, Zacks Investment Research lowered BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $10.19.
BB stock opened at $9.42 on Friday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 188.40 and a beta of 2.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.77 and a quick ratio of 6.77. BlackBerry Ltd has a 52-week low of $6.57 and a 52-week high of $13.38.
BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, December 20th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $226.00 million during the quarter, compared to the consensus estimate of $215.38 million. BlackBerry had a return on equity of 0.98% and a net margin of 3.63%. The company’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. On average, analysts forecast that BlackBerry Ltd will post 0.02 EPS for the current year.
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BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.
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