GSA Capital Partners LLP Buys 108,268 Shares of BlackBerry Limited (NYSE:BB)

GSA Capital Partners LLP increased its stake in shares of BlackBerry Limited (NYSE:BB) by 189.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 165,394 shares of the company’s stock after buying an additional 108,268 shares during the period. GSA Capital Partners LLP’s holdings in BlackBerry were worth $433,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in BlackBerry by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 19,505,300 shares of the company’s stock worth $53,835,000 after purchasing an additional 149,444 shares in the last quarter. EdgePoint Investment Group Inc. boosted its stake in shares of BlackBerry by 25.6% in the 1st quarter. EdgePoint Investment Group Inc. now owns 12,443,225 shares of the company’s stock valued at $34,343,000 after purchasing an additional 2,536,966 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of BlackBerry by 132.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 6,069,593 shares of the company’s stock valued at $16,631,000 after purchasing an additional 3,458,275 shares during the last quarter. Millennium Management LLC boosted its stake in BlackBerry by 5,408.9% during the second quarter. Millennium Management LLC now owns 3,431,588 shares of the company’s stock worth $8,510,000 after acquiring an additional 3,369,296 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in BlackBerry by 32.7% during the second quarter. Bank of Montreal Can now owns 1,733,809 shares of the company’s stock worth $4,300,000 after acquiring an additional 427,083 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

BlackBerry Price Performance

Shares of NYSE:BB opened at $2.32 on Thursday. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $4.44. The stock has a market capitalization of $1.37 billion, a PE ratio of -9.26 and a beta of 1.42. The firm’s 50 day moving average price is $2.42 and its 200-day moving average price is $2.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The firm had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $138.82 million. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.06) earnings per share. Equities research analysts expect that BlackBerry Limited will post -0.06 EPS for the current year.

Insider Activity at BlackBerry

In other news, insider Philip S. Kurtz sold 15,005 shares of the business’s stock in a transaction dated Saturday, September 28th. The stock was sold at an average price of $2.53, for a total transaction of $37,962.65. Following the sale, the insider now owns 30,129 shares in the company, valued at approximately $76,226.37. The trade was a 33.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on BB. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $3.00 price objective on shares of BlackBerry in a research note on Friday, September 27th. StockNews.com downgraded shares of BlackBerry from a “hold” rating to a “sell” rating in a report on Wednesday. Canaccord Genuity Group raised their price objective on shares of BlackBerry from $2.70 to $2.80 and gave the stock a “hold” rating in a report on Friday, October 18th. Finally, CIBC lifted their target price on shares of BlackBerry from $3.50 to $3.60 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.23.

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.