Sigma Planning Corp cut its stake in shares of BlackBerry Ltd (NYSE:BB) by 22.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,313 shares of the company’s stock after selling 8,394 shares during the period. Sigma Planning Corp’s holdings in BlackBerry were worth $208,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC bought a new stake in shares of BlackBerry during the 4th quarter worth $28,000. Csenge Advisory Group bought a new stake in shares of BlackBerry during the 3rd quarter worth $35,000. Gradient Investments LLC bought a new stake in shares of BlackBerry during the 4th quarter worth $36,000. DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of BlackBerry by 65.8% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 19,900 shares of the company’s stock worth $225,000 after purchasing an additional 7,900 shares during the period. Finally, Gabelli Funds LLC bought a new stake in shares of BlackBerry during the 3rd quarter worth $114,000. Institutional investors and hedge funds own 52.81% of the company’s stock.
BB has been the topic of a number of recent analyst reports. Canaccord Genuity reiterated a “hold” rating on shares of BlackBerry in a research note on Friday, November 16th. CIBC upgraded BlackBerry from a “neutral” rating to an “outperform” rating and set a $14.00 target price on the stock in a research note on Monday, November 19th. They noted that the move was a valuation call. Zacks Investment Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 3rd. Royal Bank of Canada lowered their target price on BlackBerry from $11.00 to $10.00 and set a “sector perform” rating on the stock in a research note on Friday, December 21st. Finally, Raymond James reiterated a “market perform” rating and set a $10.00 target price on shares of BlackBerry in a research note on Friday, December 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $10.19.
BlackBerry (NYSE:BB) last announced its quarterly earnings data on Thursday, December 20th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. BlackBerry had a return on equity of 0.98% and a net margin of 3.63%. The company had revenue of $226.00 million during the quarter, compared to analyst estimates of $215.38 million. During the same quarter last year, the firm posted $0.03 EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. Sell-side analysts expect that BlackBerry Ltd will post 0.02 earnings per share for the current year.
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BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.
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