Beck Mack & Oliver LLC grew its stake in shares of BlackBerry Ltd (NYSE:BB) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,733,430 shares of the company’s stock after purchasing an additional 84,450 shares during the period. Beck Mack & Oliver LLC owned approximately 0.68% of BlackBerry worth $19,601,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of BlackBerry by 53.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,263,873 shares of the company’s stock worth $9,328,000 after acquiring an additional 440,775 shares during the last quarter. Kahn Brothers Group Inc. DE raised its holdings in shares of BlackBerry by 1.7% in the 3rd quarter. Kahn Brothers Group Inc. DE now owns 5,660,881 shares of the company’s stock worth $29,720,000 after acquiring an additional 97,191 shares during the last quarter. PenderFund Capital Management Ltd. grew its position in BlackBerry by 92.2% in the 3rd quarter. PenderFund Capital Management Ltd. now owns 856,980 shares of the company’s stock worth $5,670,000 after purchasing an additional 411,200 shares in the last quarter. AXA grew its position in BlackBerry by 23.8% in the 2nd quarter. AXA now owns 4,916,590 shares of the company’s stock worth $36,678,000 after purchasing an additional 944,746 shares in the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in BlackBerry in the 2nd quarter worth about $1,404,000. Institutional investors own 51.71% of the company’s stock.
A number of brokerages have issued reports on BB. CIBC downgraded shares of BlackBerry from a “sector outperform” rating to a “neutral” rating and reduced their price objective for the stock from $13.00 to $6.50 in a research report on Tuesday, September 24th. Royal Bank of Canada reduced their price objective on shares of BlackBerry from $9.00 to $7.50 and set a “sector perform” rating for the company in a research report on Wednesday, September 25th. Raymond James set a $9.50 price objective on shares of BlackBerry and gave the stock a “market perform” rating in a research report on Wednesday, September 25th. Bank of America raised shares of BlackBerry from an “underperform” rating to a “neutral” rating in a research report on Monday, November 4th. Finally, Canaccord Genuity set a $7.00 price objective on shares of BlackBerry and gave the stock a “hold” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $7.54.
Shares of BlackBerry stock traded up $0.04 on Wednesday, reaching $5.42. 3,476,400 shares of the company traded hands, compared to its average volume of 4,474,694. BlackBerry Ltd has a 52 week low of $4.86 and a 52 week high of $10.29. The company has a 50 day moving average of $5.39 and a 200 day moving average of $6.73. The firm has a market capitalization of $3.06 billion, a PE ratio of 41.69 and a beta of 1.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.28 and a quick ratio of 2.28.
BlackBerry (NYSE:BB) last released its earnings results on Tuesday, September 24th. The company reported ($0.04) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.04). BlackBerry had a net margin of 3.19% and a return on equity of 1.32%. The firm had revenue of $244.00 million during the quarter, compared to the consensus estimate of $267.91 million. During the same period in the prior year, the firm earned $0.04 EPS. The company’s revenue was up 16.2% compared to the same quarter last year. As a group, analysts anticipate that BlackBerry Ltd will post -0.05 earnings per share for the current year.
BlackBerry Limited provides enterprise software and services worldwide. The company 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 networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.
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