Virtu Financial LLC Acquires 25,860 Shares of BlackBerry Limited (NYSE:BB)

Virtu Financial LLC raised its holdings in BlackBerry Limited (NYSE:BB) by 34.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,534 shares of the company’s stock after buying an additional 25,860 shares during the period. Virtu Financial LLC’s holdings in BlackBerry were worth $356,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP boosted its position in shares of BlackBerry by 70.1% during the fourth quarter. First Trust Advisors LP now owns 33,801,506 shares of the company’s stock valued at $119,657,000 after buying an additional 13,925,510 shares during the last quarter. Vanguard Group Inc. boosted its holdings in BlackBerry by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 19,224,723 shares of the company’s stock worth $90,548,000 after acquiring an additional 534,772 shares during the last quarter. Norges Bank bought a new stake in shares of BlackBerry in the 4th quarter worth $48,775,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of BlackBerry by 17.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,229,327 shares of the company’s stock valued at $32,672,000 after purchasing an additional 1,362,284 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of BlackBerry by 59.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,695,900 shares of the company’s stock valued at $41,164,000 after purchasing an additional 3,245,600 shares in the last quarter. 54.48% of the stock is currently owned by institutional investors and hedge funds.

BlackBerry Stock Performance

NYSE BB opened at $2.29 on Thursday. BlackBerry Limited has a 52-week low of $2.23 and a 52-week high of $5.75. The company has a fifty day moving average of $2.83 and a 200-day moving average of $3.03. The company has a market capitalization of $1.35 billion, a P/E ratio of -9.54 and a beta of 1.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.43 and a current ratio of 1.43.

BlackBerry (NYSE:BB) last issued its earnings results on Wednesday, April 3rd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $173.00 million for the quarter, compared to analysts’ expectations of $150.47 million. BlackBerry had a negative net margin of 15.24% and a negative return on equity of 0.24%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) EPS. As a group, equities research analysts predict that BlackBerry Limited will post -0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BB has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $3.00 price objective on shares of BlackBerry in a research note on Thursday, April 4th. StockNews.com downgraded BlackBerry from a “hold” rating to a “sell” rating in a research report on Wednesday, February 21st. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $4.08.

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.