Staley Capital Advisers Inc. increased its position in shares of BlackBerry Ltd (NYSE:BB) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,661,541 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. BlackBerry accounts for approximately 1.5% of Staley Capital Advisers Inc.’s investment portfolio, making the stock its 24th largest position. Staley Capital Advisers Inc. owned 0.49% of BlackBerry worth $18,924,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Andra AP fonden bought a new position in shares of BlackBerry in the third quarter valued at approximately $3,557,000. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in BlackBerry by 65.8% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 19,900 shares of the company’s stock valued at $225,000 after purchasing an additional 7,900 shares during the last quarter. Aperio Group LLC acquired a new stake in BlackBerry during the third quarter valued at approximately $1,297,000. Seven Eight Capital LP acquired a new stake in BlackBerry during the third quarter valued at approximately $164,000. Finally, IFP Advisors Inc acquired a new stake in BlackBerry during the third quarter valued at approximately $322,000. 52.81% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:BB opened at $8.33 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.77 and a quick ratio of 6.77. The company has a market capitalization of $4.52 billion, a P/E ratio of 166.60, a PEG ratio of 21.85 and a beta of 2.03. BlackBerry Ltd has a 52 week low of $6.57 and a 52 week high of $13.38.
BlackBerry (NYSE:BB) last issued its quarterly earnings results on Thursday, December 20th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 3.63% and a return on equity of 0.98%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.03 EPS. On average, research analysts expect that BlackBerry Ltd will post 0.02 earnings per share for the current year.
Several analysts recently commented on the stock. Canaccord Genuity cut their target price on shares of BlackBerry from $11.00 to $9.00 and set a “hold” rating for the company in a research note on Friday, December 21st. BMO Capital Markets reissued a “hold” rating and set a $8.00 target price on shares of BlackBerry in a research note on Friday, December 21st. Raymond James reissued a “market perform” rating and set a $10.00 target price on shares of BlackBerry in a research note on Friday, December 21st. Royal Bank of Canada cut their target price on shares of BlackBerry from $11.00 to $10.00 and set a “sector perform” rating for the company in a research note on Friday, December 21st. Finally, CIBC raised shares of BlackBerry from a “neutral” rating to an “outperform” rating and set a $14.00 target price for the company in a research note on Monday, November 19th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. BlackBerry currently has an average rating of “Hold” and an average price target of $10.19.
BlackBerry Company Profile
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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