Dynamic Capital Management Ltd Reduces Position in BlackBerry Ltd (NYSE:BB)

Dynamic Capital Management Ltd cut its stake in BlackBerry Ltd (NYSE:BB) by 49.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,395 shares of the company’s stock after selling 13,288 shares during the quarter. Dynamic Capital Management Ltd’s holdings in BlackBerry were worth $100,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in BB. Intercontinental Wealth Advisors LLC acquired a new position in BlackBerry in the second quarter worth about $42,000. Acadian Asset Management LLC acquired a new position in BlackBerry in the second quarter worth about $59,000. GSA Capital Partners LLP acquired a new position in BlackBerry in the second quarter worth about $102,000. Heathbridge Capital Management Ltd. acquired a new position in BlackBerry in the second quarter valued at approximately $112,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in BlackBerry in the second quarter valued at approximately $141,000. Institutional investors own 50.82% of the company’s stock.

A number of equities analysts have commented on the company. Macquarie set a $11.00 target price on BlackBerry and gave the company a “hold” rating in a research note on Friday, August 30th. Raymond James decreased their target price on BlackBerry from $11.00 to $10.50 and set a “market perform” rating for the company in a research note on Thursday, June 27th. Royal Bank of Canada decreased their target price on BlackBerry from $10.00 to $9.00 and set a “sector perform” rating for the company in a research note on Thursday, June 27th. Canaccord Genuity decreased their target price on BlackBerry from $10.00 to $9.00 and set a “hold” rating for the company in a research note on Thursday, June 27th. Finally, Scotiabank set a $10.00 price target on BlackBerry and gave the company a “buy” rating in a report on Friday, August 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $10.30.

BlackBerry stock traded down $0.01 during mid-day trading on Friday, hitting $7.40. The company’s stock had a trading volume of 81,056 shares, compared to its average volume of 2,976,677. The stock’s fifty day moving average price is $7.02 and its two-hundred day moving average price is $8.17. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. BlackBerry Ltd has a twelve month low of $6.57 and a twelve month high of $12.00. The stock has a market capitalization of $4.07 billion, a P/E ratio of 56.92 and a beta of 1.78.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Wednesday, June 26th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.04. BlackBerry had a net margin of 12.58% and a return on equity of 1.84%. The business had revenue of $267.00 million during the quarter, compared to analyst estimates of $264.55 million. During the same quarter in the previous year, the business earned $0.03 EPS. BlackBerry’s quarterly revenue was up 23.0% compared to the same quarter last year. Equities analysts expect that BlackBerry Ltd will post -0.03 earnings per share for the current year.

BlackBerry Company Profile

BlackBerry Limited provides enterprise software and services worldwide. The company 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 networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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