BlackBerry Limited (BBRY) Shares Bought by SG Americas Securities LLC
SG Americas Securities LLC grew its holdings in shares of BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) by 35.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,346 shares of the company’s stock after purchasing an additional 14,246 shares during the quarter. SG Americas Securities LLC’s holdings in BlackBerry Limited were worth $543,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Creative Planning increased its position in shares of BlackBerry Limited by 18.6% during the 2nd quarter. Creative Planning now owns 12,122 shares of the company’s stock valued at $121,000 after purchasing an additional 1,900 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of BlackBerry Limited during the 2nd quarter valued at $123,000. Capital Investment Counsel Inc purchased a new stake in shares of BlackBerry Limited during the 1st quarter valued at $126,000. Nine Chapters Capital Management LLC purchased a new stake in shares of BlackBerry Limited during the 1st quarter valued at $137,000. Finally, Fox Run Management L.L.C. purchased a new stake in shares of BlackBerry Limited during the 2nd quarter valued at $185,000. 63.36% of the stock is owned by hedge funds and other institutional investors.
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Shares of BlackBerry Limited (NASDAQ BBRY) opened at 9.01 on Monday. The stock has a market cap of $4.78 billion, a PE ratio of 37.08 and a beta of 0.99. The firm has a 50 day moving average price of $9.18 and a 200 day moving average price of $9.10. BlackBerry Limited has a 12-month low of $6.65 and a 12-month high of $11.74.
BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last released its quarterly earnings data on Friday, June 23rd. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $244 million during the quarter, compared to analyst estimates of $262.80 million. BlackBerry Limited had a negative return on equity of 1.67% and a net margin of 11.68%. The business’s revenue for the quarter was down 42.5% on a year-over-year basis. On average, equities analysts expect that BlackBerry Limited will post $0.04 EPS for the current year.
BlackBerry Limited declared that its board has authorized a share repurchase program on Friday, June 23rd that allows the company to repurchase 31,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
Several brokerages have recently issued reports on BBRY. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of BlackBerry Limited in a research report on Sunday, August 13th. William Blair reaffirmed a “market perform” rating on shares of BlackBerry Limited in a research report on Tuesday, July 4th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $9.00 target price (up from $8.50) on shares of BlackBerry Limited in a research report on Monday, June 26th. BidaskClub lowered BlackBerry Limited from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $10.00 target price (up from $9.00) on shares of BlackBerry Limited in a research report on Monday, June 26th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.56.
BlackBerry Limited 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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