SLT Holdings LLC Invests $76,000 in BlackBerry Limited (NYSE:BB)

SLT Holdings LLC purchased a new position in shares of BlackBerry Limited (NYSE:BB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 20,000 shares of the company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BB. EdgePoint Investment Group Inc. lifted its holdings in shares of BlackBerry by 15.9% during the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,922,795 shares of the company’s stock worth $31,238,000 after acquiring an additional 1,637,916 shares during the period. Potrero Capital Research LLC acquired a new position in BlackBerry during the 3rd quarter worth approximately $2,359,000. Capstone Investment Advisors LLC acquired a new position in BlackBerry during the 3rd quarter worth approximately $1,285,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in BlackBerry during the 4th quarter worth approximately $1,112,000. Finally, Alberta Investment Management Corp increased its position in BlackBerry by 60.5% during the 4th quarter. Alberta Investment Management Corp now owns 644,900 shares of the company’s stock worth $2,448,000 after purchasing an additional 243,000 shares in the last quarter. Institutional investors own 54.48% of the company’s stock.

Insider Buying and Selling

In other BlackBerry news, CEO John Joseph Giamatteo sold 155,815 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $573,399.20. Following the transaction, the chief executive officer now directly owns 385,552 shares of the company’s stock, valued at approximately $1,418,831.36. This trade represents a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Mattias Eriksson sold 14,475 shares of the firm’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $53,268.00. Following the completion of the transaction, the insider now directly owns 238,838 shares in the company, valued at $878,923.84. This trade represents a 5.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 244,221 shares of company stock valued at $925,655 over the last ninety days. 0.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BB shares. Canaccord Genuity Group upped their price objective on shares of BlackBerry from $2.80 to $3.00 and gave the stock a “hold” rating in a research report on Friday, December 20th. Royal Bank of Canada upped their price objective on shares of BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research report on Friday, January 10th. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and upped their price objective for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. StockNews.com upgraded shares of BlackBerry from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. Finally, Robert W. Baird upped their price objective on shares of BlackBerry from $3.00 to $3.50 and gave the company a “neutral” rating in a research note on Friday, December 20th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $3.69.

BlackBerry Stock Up 2.6 %

Shares of NYSE BB opened at $4.53 on Friday. The firm has a market cap of $2.70 billion, a PE ratio of -20.57 and a beta of 1.27. BlackBerry Limited has a 12-month low of $2.01 and a 12-month high of $6.24. The company’s fifty day simple moving average is $4.59 and its 200 day simple moving average is $3.27. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, December 19th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 2.02%. BlackBerry’s revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, sell-side analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

About BlackBerry

BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.