Hollencrest Securities LLC maintained its position in BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 160,275 shares of the smartphone producer’s stock at the end of the first quarter. Hollencrest Securities LLC’s holdings in BlackBerry were worth $1,243,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Capstone Asset Management Co. increased its position in BlackBerry by 12.0% in the third quarter. Capstone Asset Management Co. now owns 53,323 shares of the smartphone producer’s stock worth $426,000 after buying an additional 5,710 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of BlackBerry by 0.3% in the third quarter. Great West Life Assurance Co. Can now owns 608,635 shares of the smartphone producer’s stock worth $4,843,000 after buying an additional 1,938 shares during the period. Capital Fund Management S.A. boosted its stake in shares of BlackBerry by 231.5% in the third quarter. Capital Fund Management S.A. now owns 801,842 shares of the smartphone producer’s stock worth $6,399,000 after buying an additional 559,967 shares during the period. Wells Fargo & Company MN boosted its stake in shares of BlackBerry by 63.1% in the third quarter. Wells Fargo & Company MN now owns 168,612 shares of the smartphone producer’s stock worth $1,346,000 after buying an additional 65,262 shares during the period. Finally, Kahn Brothers Group Inc. DE boosted its stake in shares of BlackBerry by 8.2% in the third quarter. Kahn Brothers Group Inc. DE now owns 4,343,060 shares of the smartphone producer’s stock worth $34,658,000 after buying an additional 327,500 shares during the period. 62.41% of the stock is owned by institutional investors.
BlackBerry Ltd (NASDAQ:BBRY) traded down 0.22% on Friday, reaching $9.08. 8,666,767 shares of the company traded hands. The stock’s market capitalization is $4.82 billion. The firm has a 50 day moving average of $7.50 and a 200-day moving average of $7.37. BlackBerry Ltd has a one year low of $6.23 and a one year high of $9.19.
BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings data on Friday, March 31st. The smartphone producer reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. BlackBerry had a negative return on equity of 3.62% and a negative net margin of 93.19%. The business had revenue of $297 million for the quarter, compared to analysts’ expectations of $288.45 million. During the same period last year, the business earned ($0.03) EPS. The business’s revenue was down 39.0% on a year-over-year basis. On average, analysts anticipate that BlackBerry Ltd will post $0.02 EPS for the current year.
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BBRY has been the subject of a number of recent analyst reports. Wells Fargo & Co reiterated a “market perform” rating on shares of BlackBerry in a research report on Thursday, December 22nd. Imperial Capital dropped their target price on shares of BlackBerry from $8.50 to $8.25 and set an “in-line” rating for the company in a research report on Thursday, December 22nd. BMO Capital Markets reiterated a “market perform” rating and set a $8.00 target price on shares of BlackBerry in a research report on Friday, December 23rd. Canaccord Genuity reiterated a “hold” rating and set a $7.50 target price (down previously from $8.00) on shares of BlackBerry in a research report on Friday, December 23rd. Finally, Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Friday, December 23rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. BlackBerry has an average rating of “Hold” and an average price target of $8.63.
BlackBerry Company Profile
BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.
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