Chartwell Investment Partners LLC Raises Holdings in BlackBerry Ltd (BB)

Chartwell Investment Partners LLC boosted its position in shares of BlackBerry Ltd (NYSE:BB) by 2.0% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 142,853 shares of the company’s stock after acquiring an additional 2,835 shares during the quarter. Chartwell Investment Partners LLC’s holdings in BlackBerry were worth $1,441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. First Allied Advisory Services Inc. lifted its position in BlackBerry by 6.0% during the 4th quarter. First Allied Advisory Services Inc. now owns 20,215 shares of the company’s stock worth $144,000 after acquiring an additional 1,150 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of BlackBerry by 0.4% in the 4th quarter. State of Tennessee Treasury Department now owns 381,265 shares of the company’s stock valued at $2,712,000 after buying an additional 1,378 shares during the period. Korea Investment CORP lifted its holdings in shares of BlackBerry by 4.1% in the 4th quarter. Korea Investment CORP now owns 35,858 shares of the company’s stock valued at $255,000 after buying an additional 1,407 shares during the period. Sound Income Strategies LLC acquired a new position in shares of BlackBerry in the 4th quarter valued at about $28,000. Finally, Amundi Pioneer Asset Management Inc. lifted its holdings in shares of BlackBerry by 2.6% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 137,668 shares of the company’s stock valued at $978,000 after buying an additional 3,525 shares during the period. 52.71% of the stock is owned by institutional investors.

Shares of BB stock opened at $9.20 on Tuesday. The stock has a market capitalization of $5.08 billion, a PE ratio of 70.77 and a beta of 2.08. The company has a quick ratio of 6.77, a current ratio of 2.54 and a debt-to-equity ratio of 0.25. BlackBerry Ltd has a 52-week low of $6.57 and a 52-week high of $12.55.



BlackBerry (NYSE:BB) last announced its quarterly earnings results on Friday, March 29th. The company reported $0.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.05. BlackBerry had a return on equity of 2.33% and a net margin of 10.29%. The firm had revenue of $257.00 million during the quarter, compared to analyst estimates of $242.81 million. During the same quarter in the previous year, the business earned $0.05 EPS. BlackBerry’s revenue for the quarter was up 10.3% compared to the same quarter last year. As a group, equities research analysts expect that BlackBerry Ltd will post -0.01 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on BB. BMO Capital Markets reissued a “hold” rating and issued a $8.00 price objective on shares of BlackBerry in a report on Friday, December 21st. Zacks Investment Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Canaccord Genuity decreased their price objective on BlackBerry from $11.00 to $9.00 and set a “hold” rating for the company in a report on Friday, December 21st. CIBC cut BlackBerry to a “buy” rating in a report on Sunday, December 30th. Finally, TheStreet cut BlackBerry from a “c-” rating to a “d+” rating in a report on Friday, December 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.60.

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About BlackBerry

BlackBerry Limited provides enterprise software and services worldwide. The company offers BlackBerry Enterprise Mobility Suite, which combines and integrates mobile security, management, productivity, and collaboration solutions, such as BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces; BlackBerry AtHoc, a networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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