According to the most recent 13F report that the company has filed with the Securities and Exchange Commission, during the third quarter, CenterBook Partners LP increased its position in BlackBerry Ltd (NYSE: BB) by 34.7% (SEC).
The investment fund finished the period with a total holding of 180,348 shares of the company’s stock after purchasing an additional 46,473 shares of the stock.
At the end of the most recent fiscal quarter, the value of the BlackBerry assets that CenterBook Partners LP had accumulated came to $848,000.
Recent events have resulted in shifts in the total value of the shares held by various institutional investors, hedge funds, and other financial entities.
These changes can be attributed to recent market activity. Over the second quarter, FMR LLC was able to increase the proportion of BlackBerry stock owned by 11.7%. FMR LLC now has 27,322 shares after purchasing an additional 2,851 in the most recent quarter.
The value of the company’s shares in FMR LLC’s portfolio is $147,000.
The Ronald Blue Trust INC portfolio included a thirty thousand dollar investment in BlackBerry shares during the second quarter of the fiscal year.
During the third quarter, Trust Financial Corporation achieved a 10.1% increase in the proportion of BlackBerry stock it owned.
Trust Financial Corporation has increased its stake in the company by purchasing an additional 4,452 shares during the past two months, bringing the total value of its holdings to $229,000.
Through the course of the first three months of 2018, Mitsubishi UFJ Trust & Banking Corporation achieved a 62.9% increase in the proportion of BlackBerry stock it owned.
The value of Mitsubishi UFJ Trust & Banking Corp.’s total number of shares increased to $95,000 due to the recent acquisition of an additional 4,974 shares of the company’s stock.
This transaction took place only two months ago.
Last but not least, Tower Research Capital LLC (TRC) increased the amount of BlackBerry stock owned by 4.71% during the third quarter.
This certainly should not be considered the least important development.
As of the most recent reporting period, Tower Research Capital LLC (TRC) has acquired an additional 7,437 shares of the company’s stock, bringing its total number of shares to a value of $43,000.
This brings the total value of TRC’s shares to $43,000.
Most of the company’s stock, or 42.43 percent, is owned by large financial institutions as investors.
On Friday, NYSE BB share prices started the day at $4.26 per share when trading began.
The stock’s beta value is 1.56, and its price-to-earnings ratio, one of the factors determining its market value of $2.48 billion, is -7.61.
The moving averages for the company over the past 50 days are currently sitting at $3.99, and over the last 200 days, they have been sitting at $4.60.
During the last year and a half, the price of BlackBerry Limited has varied from $3.17 to $7.97, with a price of $7.97 serving as the average.
The debt-to-equity ratio is currently at 0.34, the current ratio is 1.82, and the quick ratio is also 1.82.
On Tuesday, December 20, BlackBerry (NYSE: BB) disseminated its most recent quarterly earnings report.
Earnings per share (EPS) for the quarter reported by the company came in at $0.06, which was $0.03 higher than the consensus estimate of $0.09 provided by analysts.
The questionable period saw the company rake in a total of $169 million in revenue.
BlackBerry’s return on equity, which came in at a negative 5.47%, and the company’s net margin, which came in at a negative 2.41%, were in the red.
Professionals in the field of equity research predict that BlackBerry Ltd will incur a $0.27 per share loss during the current fiscal year.
In other news, BlackBerry’s Chief Financial Officer, Steve Rai, was able to sell 8,958 shares of the company’s stock on Tuesday, January 3.
This transaction took place on the company’s trading day.
The transaction involved the sale of the shares at an average price of $3.32 per share, which resulted in a total sale volume of $29,740.56.
After the completion of the transaction, the chief financial officer gained direct ownership of 48,655 shares of the company, which have a value of $161,534.60.
This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here.
Insiders of the company have sold 39,683 shares of company stock for a total of $136,059 over the past three months. Currently, 1.60 percent of the company’s shares are held by company insiders.
Only very recently have several industry experts in equity research provided their perspectives on the stock? Royal Bank of Canada categorized BlackBerry as a “sector perform” in a research note published on December 21.
The bank also decreased its price objective on BlackBerry shares from $6.00 to $5.50.
The target price of $6.00 was initially intended to be reached. Robert W.
Baird decreased their price objective for BlackBerry shares from $6.00 to $5.00 in a report made public on Wednesday, December 21.
In a report published on December 21, Raymond James lowered their price objective on BlackBerry shares from $8.00 to $7.00 and assigned the company a “market perform” rating.
This action was taken in conjunction with the assignment of a “market perform” rating. On October 26, the recommendation to “sell” BlackBerry shares that StockNews.com had previously given was changed to a recommendation to “hold” BlackBerry shares.
Lastly, in a report distributed on December 21, TD Securities lowered its “reduce” rating and price objective on BlackBerry shares from $4.25 to $3.75.
The move was made because it now expects the stock to trade at a lower price.
Along with that, the price target was decreased.
Industry experts have given the stock a hold rating of five out of a possible five stars.
Additionally, analysts have given the stock one buy rating, one sell rating, and four hold ratings.
According to Bloomberg, most analysts currently have the stock rated as “Hold,” and their average price goal is $5.25.
This information comes from the report that the news organization published.
BlackBerry Ltd is creating and supplying organizations of all sizes, including governments, with intelligent security software and related services.
The company provides solutions for endpoint security, endpoint management, encryption, and embedded systems and uses artificial intelligence and machine learning to develop solutions for cyber security, safety, and data privacy.
The company offers endpoint security, management, encryption, and embedded systems solutions.
Endpoint security, endpoint management, encryption, and embedded system solutions are some of this company’s products.