Steward Partners Investment Advisory LLC Has $137,000 Stake in BlackBerry Limited (NYSE:BB)

Steward Partners Investment Advisory LLC decreased its holdings in shares of BlackBerry Limited (NYSE:BB) by 19.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,194 shares of the company’s stock after selling 8,902 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in BlackBerry were worth $137,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BB. Masso Torrence Wealth Management Inc. acquired a new stake in shares of BlackBerry during the fourth quarter worth $38,000. Sanctuary Advisors LLC acquired a new stake in shares of BlackBerry in the fourth quarter valued at approximately $40,000. Bravias Capital Group LLC acquired a new stake in shares of BlackBerry in the fourth quarter valued at approximately $45,000. Palacios Wealth Management LLC acquired a new stake in shares of BlackBerry in the fourth quarter valued at approximately $50,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of BlackBerry in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Stock Performance

Shares of BB opened at $4.53 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.37 and a quick ratio of 1.37. The stock has a 50-day moving average of $4.65 and a 200-day moving average of $3.35. The company has a market cap of $2.70 billion, a PE ratio of -20.57 and a beta of 1.27. BlackBerry Limited has a one year low of $2.01 and a one year high of $6.24.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on BB shares. TD Securities upgraded shares of BlackBerry from a “hold” rating to a “buy” rating and boosted their target price for the company 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. Royal Bank of Canada boosted their price target on BlackBerry from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Friday, January 10th. Canaccord Genuity Group boosted their target price on BlackBerry from $3.00 to $4.75 and gave the stock a “hold” rating in a research note on Tuesday, March 11th. Finally, TD Cowen 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. Six 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, BlackBerry presently has a consensus rating of “Moderate Buy” and an average price target of $3.91.

Insider Activity at BlackBerry

In related news, CEO John Joseph Giamatteo sold 155,815 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total transaction of $573,399.20. Following the transaction, the chief executive officer now directly owns 385,552 shares in the company, valued at approximately $1,418,831.36. The trade was a 28.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jay P. Chai sold 24,425 shares of the business’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 have sold a total of 244,221 shares of company stock valued at $925,655 over the last 90 days. Insiders own 0.34% of the company’s stock.

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.