Centiva Capital LP Reduces Position in BlackBerry Limited (NYSE:BB)

Centiva Capital LP cut its holdings in BlackBerry Limited (NYSE:BB - Free Report) by 90.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company's stock after selling 350,016 shares during the period. Centiva Capital LP's holdings in BlackBerry were worth $92,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of BB. SG Americas Securities LLC lifted its position in shares of BlackBerry by 36.2% during the 2nd quarter. SG Americas Securities LLC now owns 130,114 shares of the company's stock worth $323,000 after buying an additional 34,615 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in BlackBerry by 7.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,665 shares of the company's stock valued at $327,000 after acquiring an additional 9,156 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in BlackBerry by 39.0% in the second quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 1,315,157 shares of the company's stock valued at $3,262,000 after acquiring an additional 369,283 shares in the last quarter. Intact Investment Management Inc. grew its holdings in shares of BlackBerry by 508.1% during the second quarter. Intact Investment Management Inc. now owns 1,144,990 shares of the company's stock worth $2,862,000 after purchasing an additional 956,690 shares during the last quarter. Finally, Viewpoint Capital Management LLC acquired a new stake in shares of BlackBerry during the second quarter worth about $50,000. 54.48% of the stock is owned by hedge funds and other institutional investors.

BlackBerry Stock Performance

BlackBerry stock traded down $0.07 during trading hours on Friday, reaching $2.69. 10,349,275 shares of the stock were exchanged, compared to its average volume of 9,364,831. BlackBerry Limited has a 52-week low of $2.01 and a 52-week high of $4.44. The stock has a market cap of $1.59 billion, a P/E ratio of -10.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.44 and a current ratio of 1.44. The firm's 50 day moving average is $2.48 and its 200 day moving average is $2.44.

BlackBerry (NYSE:BB - Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. BlackBerry had a negative net margin of 21.66% and a negative return on equity of 3.38%. The firm had revenue of $145.00 million during the quarter, compared to analysts' expectations of $138.82 million. During the same period in the prior year, the company posted ($0.06) earnings per share. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. Analysts predict that BlackBerry Limited will post -0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on BB shares. StockNews.com upgraded BlackBerry from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Canaccord Genuity Group raised their target price on shares of BlackBerry from $2.70 to $2.80 and gave the stock a "hold" rating in a research report on Friday, October 18th. CIBC lifted their target price on shares of BlackBerry from $3.50 to $3.60 and gave the company an "outperform" rating in a report on Thursday, October 17th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $3.00 price target on shares of BlackBerry in a research note on Friday, September 27th. Seven equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $3.23.

Insider Activity at BlackBerry

In other BlackBerry news, insider Philip S. Kurtz sold 15,005 shares of the company's stock in a transaction on Saturday, September 28th. The stock was sold at an average price of $2.53, for a total value of $37,962.65. Following the sale, the insider now owns 30,129 shares of the company's stock, valued at approximately $76,226.37. This represents a 33.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company 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.