Two Sigma Advisers LP Increases Stock Holdings in BlackBerry Limited (NYSE:BB)

Two Sigma Advisers LP boosted its position in BlackBerry Limited (NYSE:BB - Free Report) by 105.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 920,458 shares of the company's stock after purchasing an additional 471,800 shares during the period. Two Sigma Advisers LP owned about 0.16% of BlackBerry worth $3,479,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in BlackBerry by 63.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,773 shares of the company's stock valued at $37,000 after purchasing an additional 3,811 shares during the last quarter. Masso Torrence Wealth Management Inc. purchased a new stake in shares of BlackBerry during the fourth quarter worth $38,000. Mindset Wealth Management LLC purchased a new stake in shares of BlackBerry in the fourth quarter worth $38,000. Quadrant Capital Group LLC raised its position in shares of BlackBerry by 100.3% in the fourth quarter. Quadrant Capital Group LLC now owns 10,000 shares of the company's stock worth $38,000 after buying an additional 5,008 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of BlackBerry in the fourth quarter worth $40,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Trading Down 0.8%

Shares of NYSE:BB traded down $0.03 on Friday, reaching $3.96. 9,429,217 shares of the company traded hands, compared to its average volume of 14,053,289. The business's 50-day simple moving average is $3.54 and its 200 day simple moving average is $3.83. BlackBerry Limited has a 52 week low of $2.01 and a 52 week high of $6.24. The stock has a market capitalization of $2.36 billion, a P/E ratio of -18.00 and a beta of 1.42. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27.

BlackBerry (NYSE:BB - Get Free Report) last posted its earnings results on Wednesday, April 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $141.70 million for the quarter, compared to analysts' expectations of $137.56 million. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. BlackBerry's quarterly revenue was down 7.3% on a year-over-year basis. During the same period last year, the firm earned $0.03 earnings per share. As a group, equities analysts anticipate that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other BlackBerry news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $2.99, for a total value of $89,520.60. Following the completion of the sale, the senior vice president now directly owns 42,398 shares in the company, valued at $126,770.02. This trade represents a 41.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold 37,216 shares of company stock worth $112,025 over the last three months. Company insiders own 0.37% of the company's stock.

Analyst Ratings Changes

BB has been the topic of a number of recent analyst reports. Canaccord Genuity Group lowered their price objective on BlackBerry from $4.75 to $4.25 and set a "hold" rating on the stock in a research report on Thursday, April 3rd. CIBC lowered their price objective on BlackBerry from $7.00 to $6.00 and set an "outperformer" rating on the stock in a research report on Thursday, April 3rd. Royal Bank of Canada set a $3.75 price objective on BlackBerry in a research report on Thursday, April 3rd. Finally, Wall Street Zen upgraded BlackBerry from a "sell" rating to a "hold" rating in a research report on Friday, April 11th. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, BlackBerry currently has a consensus rating of "Hold" and a consensus price target of $4.12.

BlackBerry Company 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.