Alberta Investment Management Corp Buys 243,000 Shares of BlackBerry Limited (NYSE:BB)

Alberta Investment Management Corp grew its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 60.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 644,900 shares of the company's stock after purchasing an additional 243,000 shares during the quarter. Alberta Investment Management Corp owned about 0.11% of BlackBerry worth $2,448,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Quantinno Capital Management LP acquired a new position in shares of BlackBerry during the third quarter valued at $38,000. Masso Torrence Wealth Management Inc. acquired a new position in shares of BlackBerry during the fourth quarter valued at $38,000. Sanctuary Advisors LLC acquired a new position in shares of BlackBerry during the fourth quarter valued at $40,000. Palacios Wealth Management LLC acquired a new position in shares of BlackBerry during the fourth quarter valued at $50,000. Finally, Signaturefd LLC increased its holdings in BlackBerry by 65.5% in the third quarter. Signaturefd LLC now owns 22,898 shares of the company's stock valued at $60,000 after purchasing an additional 9,063 shares during the last quarter. Institutional investors and hedge funds own 54.48% of the company's stock.

BlackBerry Stock Up 2.2 %

Shares of NYSE BB traded up $0.12 during mid-day trading on Monday, reaching $5.36. 62,398,652 shares of the company's stock were exchanged, compared to its average volume of 24,876,736. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -24.34 and a beta of 1.31. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $4.41 and a 200 day simple moving average of $3.13. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24.

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BlackBerry (NYSE:BB - Get Free Report) last announced its earnings results 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 business had revenue of $143.00 million for the quarter, compared to analyst estimates of $144.84 million. During the same quarter last year, the firm earned $0.01 EPS. BlackBerry's revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, equities analysts expect that BlackBerry Limited will post -0.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BB has been the subject of a number of recent analyst reports. TD Securities upgraded BlackBerry from a "hold" rating to a "buy" rating and upped their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. StockNews.com upgraded BlackBerry from a "sell" rating to a "hold" rating in a report on Monday, December 9th. Canaccord Genuity Group upped their price objective on BlackBerry from $2.80 to $3.00 and gave the company a "hold" rating in a report on Friday, December 20th. TD Cowen upgraded BlackBerry from a "hold" rating to a "buy" rating and upped their price objective for the company from $3.25 to $4.00 in a report on Friday, December 20th. Finally, Royal Bank of Canada upped their price objective on BlackBerry from $3.25 to $4.00 and gave the company a "sector perform" rating in a report on Friday, January 10th. Six research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, BlackBerry presently has a consensus rating of "Moderate Buy" and an average price target of $3.69.

Insider Activity at BlackBerry

In related news, insider Mattias Eriksson sold 14,475 shares of BlackBerry stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $3.68, for a total value of $53,268.00. Following the sale, the insider now owns 238,838 shares of the company's stock, valued at approximately $878,923.84. This trade represents a 5.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jay P. Chai sold 24,425 shares of the firm's stock in a transaction that occurred on Friday, January 24th. The shares were 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. In the last quarter, insiders have sold 244,221 shares of company stock valued at $925,655. 0.34% of the stock is owned by 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.