Northwest & Ethical Investments L.P. Raises Stock Holdings in BlackBerry Limited (NYSE:BB)

Northwest & Ethical Investments L.P. grew its stake in BlackBerry Limited (NYSE:BB) by 212.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,062 shares of the company’s stock after buying an additional 74,820 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in BlackBerry were worth $417,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signaturefd LLC increased its position in BlackBerry by 39.9% in the fourth quarter. Signaturefd LLC now owns 32,032 shares of the company’s stock worth $121,000 after buying an additional 9,134 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of BlackBerry by 68.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 90,781 shares of the company’s stock worth $348,000 after purchasing an additional 36,869 shares in the last quarter. Swiss National Bank grew its position in shares of BlackBerry by 0.6% during the fourth quarter. Swiss National Bank now owns 1,109,350 shares of the company’s stock worth $4,212,000 after purchasing an additional 6,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of BlackBerry by 41.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company’s stock worth $51,856,000 after purchasing an additional 4,039,483 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of BlackBerry during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 54.48% of the company’s stock.

Insider Activity

In related news, CEO John Joseph Giamatteo sold 155,815 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total transaction of $573,399.20. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jay P. Chai sold 24,425 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $4.19, for a total value of $102,340.75. The disclosure for this sale can be found here. Insiders sold 244,221 shares of company stock valued at $925,655 in the last ninety days. Insiders own 0.34% of the company’s stock.

BlackBerry Price Performance

NYSE:BB opened at $4.33 on Friday. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of -19.66 and a beta of 1.27. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. The business has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $3.41. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37.

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

Analyst Ratings Changes

Several research firms recently issued reports on BB. TD Securities upgraded BlackBerry from a “hold” rating to a “buy” rating and increased their target price for the stock from $3.25 to $4.00 in a research report on Friday, December 20th. Canaccord Genuity Group increased their target price on BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a research report on Tuesday, March 11th. Royal Bank of Canada increased their target price on BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a research report on Friday, January 10th. TD Cowen raised BlackBerry from a “hold” rating to a “buy” rating and increased their price target for the company from $3.25 to $4.00 in a research note on Friday, December 20th. Finally, StockNews.com raised BlackBerry from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $3.91.

BlackBerry Profile

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.