BlackBerry Ltd. (BBRY) Shares Sold by First Trust Advisors LP
First Trust Advisors LP reduced its stake in BlackBerry Ltd. (NASDAQ:BBRY) by 4.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,203 shares of the smartphone producer’s stock after selling 1,821 shares during the period. First Trust Advisors LP’s holdings in BlackBerry were worth $256,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in the company. Swiss National Bank raised its position in shares of BlackBerry by 4.3% in the second quarter. Swiss National Bank now owns 2,827,950 shares of the smartphone producer’s stock worth $18,885,000 after buying an additional 115,800 shares in the last quarter. Societe Generale bought a new position in shares of BlackBerry during the second quarter worth approximately $2,013,000. World Asset Management Inc raised its position in shares of BlackBerry by 7.8% in the second quarter. World Asset Management Inc now owns 32,372 shares of the smartphone producer’s stock worth $217,000 after buying an additional 2,330 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of BlackBerry by 2.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 804,797 shares of the smartphone producer’s stock worth $5,376,000 after buying an additional 16,940 shares in the last quarter. Finally, Capital Fund Management S.A. raised its position in shares of BlackBerry by 59.2% in the second quarter. Capital Fund Management S.A. now owns 241,875 shares of the smartphone producer’s stock worth $1,623,000 after buying an additional 89,980 shares in the last quarter. 57.92% of the stock is owned by hedge funds and other institutional investors.
Shares of BlackBerry Ltd. (NASDAQ:BBRY) traded up 0.067% during midday trading on Monday, hitting $7.495. The company had a trading volume of 545,130 shares. The stock’s market capitalization is $3.93 billion. BlackBerry Ltd. has a one year low of $6.23 and a one year high of $9.46. The stock’s 50-day moving average price is $7.69 and its 200-day moving average price is $7.30.
BlackBerry (NASDAQ:BBRY) last issued its quarterly earnings results on Wednesday, September 28th. The smartphone producer reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.05) by $0.02. The business had revenue of $352 million for the quarter. BlackBerry had a negative return on equity of 3.36% and a negative net margin of 78.41%. The company’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.13) EPS. Analysts predict that BlackBerry Ltd. will post ($0.01) EPS for the current year.
A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $7.00 target price (down previously from $8.00) on shares of BlackBerry in a report on Tuesday, June 21st. BMO Capital Markets reaffirmed a “hold” rating and issued a $8.00 target price on shares of BlackBerry in a report on Wednesday, June 22nd. MKM Partners lowered their target price on BlackBerry from $8.50 to $7.50 and set a “neutral” rating on the stock in a report on Friday, June 24th. Deutsche Bank AG reaffirmed a “hold” rating on shares of BlackBerry in a report on Monday, June 27th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $7.00 target price on shares of BlackBerry in a report on Tuesday, June 28th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. BlackBerry currently has an average rating of “Hold” and a consensus price target of $7.93.
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.
Want to see what other hedge funds are holding BBRY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BlackBerry Ltd. (NASDAQ:BBRY).
Receive News & Ratings for BlackBerry Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.