Alberta Investment Management Corp Has $2.45 Million Stake in BlackBerry Limited (NYSE:BB)

Alberta Investment Management Corp boosted its stake in BlackBerry Limited (NYSE:BB - Free Report) by 60.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 644,900 shares of the company's stock after acquiring an additional 243,000 shares during the quarter. Alberta Investment Management Corp owned about 0.11% of BlackBerry worth $2,448,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in BB. Geode Capital Management LLC boosted its holdings in BlackBerry by 2.9% in the third quarter. Geode Capital Management LLC now owns 267,073 shares of the company's stock valued at $706,000 after purchasing an additional 7,652 shares during the last quarter. International Assets Investment Management LLC grew its holdings in BlackBerry by 60.7% during the 3rd quarter. International Assets Investment Management LLC now owns 20,769 shares of the company's stock worth $540,000 after acquiring an additional 7,842 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of BlackBerry by 1.3% in the 4th quarter. CIBC Asset Management Inc now owns 709,720 shares of the company's stock worth $2,690,000 after purchasing an additional 8,787 shares during the last quarter. Signaturefd LLC lifted its position in shares of BlackBerry by 65.5% during the third quarter. Signaturefd LLC now owns 22,898 shares of the company's stock worth $60,000 after purchasing an additional 9,063 shares during the last quarter. Finally, Masso Torrence Wealth Management Inc. acquired a new position in BlackBerry in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 54.48% of the company's stock.

BlackBerry Stock Up 2.4 %

BB stock traded up $0.13 during midday trading on Monday, reaching $5.37. The company had a trading volume of 33,657,153 shares, compared to its average volume of 23,959,564. The company has a 50 day moving average of $4.36 and a two-hundred day moving average of $3.11. The company has a market capitalization of $3.20 billion, a P/E ratio of -24.38 and a beta of 1.31. BlackBerry Limited has a 1 year low of $2.01 and a 1 year high of $6.24. 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 released 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. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The firm had revenue of $143.00 million during the quarter, compared to analysts' expectations of $144.84 million. During the same quarter last year, the firm earned $0.01 earnings per share. The business's revenue for the quarter was down 5.9% on a year-over-year basis. On average, equities research analysts expect that BlackBerry Limited will post -0.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Canaccord Genuity Group increased their price objective on shares of BlackBerry from $2.80 to $3.00 and gave the stock a "hold" rating in a research note on Friday, December 20th. 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. Robert W. Baird upped their price target on shares of BlackBerry from $3.00 to $3.50 and gave the stock a "neutral" rating in a research report on Friday, December 20th. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and lifted their price target for the company from $3.25 to $4.00 in a research report on Friday, December 20th. Finally, TD Cowen raised BlackBerry from a "hold" rating to a "buy" rating and lifted their target price for the stock from $3.25 to $4.00 in a report on Friday, December 20th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.69.

Insider Activity at BlackBerry

In other news, CAO Jay P. Chai sold 24,425 shares of the company's stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $4.19, for a total transaction of $102,340.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mattias Eriksson sold 14,475 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $3.68, for a total value of $53,268.00. Following the transaction, the insider now directly owns 238,838 shares in the company, valued at approximately $878,923.84. This represents a 5.71 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 244,221 shares of company stock valued at $925,655. 0.34% of the stock is owned by corporate insiders.

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.