Steward Partners Investment Advisory LLC Cuts Position in BlackBerry Limited (NYSE:BB)

Steward Partners Investment Advisory LLC lessened its holdings in BlackBerry Limited (NYSE:BBFree Report) by 27.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,129 shares of the company’s stock after selling 26,460 shares during the period. Steward Partners Investment Advisory LLC’s holdings in BlackBerry were worth $248,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Optiver Holding B.V. purchased a new stake in BlackBerry during the 3rd quarter worth approximately $25,000. Highlander Capital Management LLC increased its stake in BlackBerry by 77.8% during the 4th quarter. Highlander Capital Management LLC now owns 8,000 shares of the company’s stock worth $28,000 after buying an additional 3,500 shares in the last quarter. Clear Street Markets LLC purchased a new stake in BlackBerry during the 3rd quarter worth approximately $48,000. Sequoia Financial Advisors LLC purchased a new stake in BlackBerry during the 3rd quarter worth approximately $48,000. Finally, Rathbones Group PLC increased its stake in BlackBerry by 52.0% during the 3rd quarter. Rathbones Group PLC now owns 15,196 shares of the company’s stock worth $72,000 after buying an additional 5,196 shares in the last quarter. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank of Canada reiterated a “sector perform” rating and set a $3.00 price objective on shares of BlackBerry in a research note on Thursday, April 4th. Robert W. Baird dropped their price target on BlackBerry from $4.50 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. CIBC dropped their price target on BlackBerry from $4.25 to $3.50 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, StockNews.com lowered BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, BlackBerry presently has a consensus rating of “Hold” and an average price target of $4.08.

Get Our Latest Analysis on BlackBerry

BlackBerry Trading Down 4.6 %

BB opened at $2.68 on Monday. BlackBerry Limited has a one year low of $2.46 and a one year high of $5.75. The stock has a market capitalization of $1.58 billion, a PE ratio of -11.17 and a beta of 1.37. The business’s 50 day moving average price is $2.89 and its 200 day moving average price is $3.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

BlackBerry (NYSE:BBGet Free Report) last released its quarterly earnings data 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 return on equity of 0.24% and a negative net margin of 15.24%. The firm had revenue of $173.00 million for the quarter, compared to analysts’ expectations of $150.47 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts expect that BlackBerry Limited will post -0.09 EPS for the current year.

BlackBerry Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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