BlackBerry Limited (NYSE:BB) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in BlackBerry Limited (NYSE:BB) by 179.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,374 shares of the company’s stock after purchasing an additional 47,097 shares during the quarter. International Assets Investment Management LLC’s holdings in BlackBerry were worth $260,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of BlackBerry by 2.9% in the third quarter. Vanguard Group Inc. now owns 19,224,723 shares of the company’s stock valued at $90,548,000 after purchasing an additional 534,772 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in BlackBerry by 59.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,695,900 shares of the company’s stock worth $41,164,000 after acquiring an additional 3,245,600 shares during the last quarter. Hawk Ridge Capital Management LP acquired a new stake in BlackBerry during the third quarter worth approximately $21,316,000. Covalis Capital LLP acquired a new stake in BlackBerry during the third quarter worth approximately $7,288,000. Finally, Public Sector Pension Investment Board boosted its position in BlackBerry by 0.8% during the third quarter. Public Sector Pension Investment Board now owns 1,134,077 shares of the company’s stock worth $5,394,000 after acquiring an additional 9,248 shares during the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other BlackBerry news, Director Philip G. Brace bought 35,000 shares of the business’s stock in a transaction dated Wednesday, February 14th. The shares were acquired at an average price of $2.79 per share, with a total value of $97,650.00. Following the purchase, the director now owns 35,000 shares in the company, valued at approximately $97,650. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.94% of the company’s stock.

BlackBerry Stock Performance

NYSE:BB opened at $2.83 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. The company has a market cap of $1.67 billion, a P/E ratio of -11.79 and a beta of 1.41. BlackBerry Limited has a fifty-two week low of $2.46 and a fifty-two week high of $5.75. The firm’s 50 day moving average is $2.79 and its two-hundred day moving average is $3.25.

BlackBerry (NYSE:BB) last issued its earnings results on Wednesday, April 3rd. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.06. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 0.24%. The business had revenue of $173.00 million for the quarter, compared to the consensus estimate of $150.47 million. During the same quarter last year, the firm posted ($0.04) EPS. The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. Analysts expect that BlackBerry Limited will post -0.09 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BB shares. StockNews.com lowered shares of BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. Royal Bank of Canada restated a “sector perform” rating and set a $3.00 target price on shares of BlackBerry in a research report on Thursday, April 4th. CIBC decreased their target price on shares of BlackBerry from $4.25 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Finally, Robert W. Baird cut their price target on shares of BlackBerry from $4.50 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $4.08.

BlackBerry Profile

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.