Marathon Trading Investment Management LLC Has $151,000 Stock Position in BlackBerry Limited (NYSE:BB)
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Marathon Trading Investment Management LLC lessened its holdings in shares of BlackBerry Limited (NYSE:BB – Free Report) by 51.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,076 shares of the company’s stock after selling 34,624 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in BlackBerry were worth $151,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. Belpointe Asset Management LLC grew its holdings in shares of BlackBerry by 8.2% in the 4th quarter. Belpointe Asset Management LLC now owns 31,162 shares of the company’s stock valued at $102,000 after acquiring an additional 2,355 shares in the last quarter. FMR LLC lifted its position in BlackBerry by 11.7% during the second quarter. FMR LLC now owns 27,322 shares of the company’s stock worth $147,000 after acquiring an additional 2,851 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in BlackBerry by 17.1% during the third quarter. Commonwealth Equity Services LLC now owns 26,640 shares of the company’s stock worth $125,000 after acquiring an additional 3,892 shares during the last quarter. Raymond James & Associates lifted its position in BlackBerry by 29.3% during the first quarter. Raymond James & Associates now owns 17,487 shares of the company’s stock worth $80,000 after acquiring an additional 3,966 shares during the last quarter. Finally, CI Investments Inc. raised its position in shares of BlackBerry by 10.8% in the fourth quarter. CI Investments Inc. now owns 48,277 shares of the company’s stock valued at $157,000 after buying an additional 4,697 shares in the last quarter. Institutional investors and hedge funds own 42.66% of the company’s stock.
Insider Buying and Selling
In related news, insider Mattias Eriksson sold 11,126 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $5.56, for a total value of $61,860.56. Following the completion of the transaction, the insider now directly owns 64,721 shares of the company’s stock, valued at approximately $359,848.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.94% of the stock is owned by insiders.
BlackBerry Trading Down 1.1 %
Shares of BB traded down $0.05 on Friday, reaching $4.63. The company’s stock had a trading volume of 593,238 shares, compared to its average volume of 5,566,313. BlackBerry Limited has a twelve month low of $3.17 and a twelve month high of $6.21. The firm has a fifty day moving average of $4.85 and a 200-day moving average of $4.81. The stock has a market capitalization of $2.70 billion, a PE ratio of -4.45 and a beta of 1.51.
BlackBerry (NYSE:BB – Get Free Report) last released its earnings results on Wednesday, June 28th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. BlackBerry had a negative net margin of 65.50% and a negative return on equity of 6.39%. The firm had revenue of $373.00 million during the quarter, compared to the consensus estimate of $159.36 million.
Analyst Upgrades and Downgrades
BB has been the topic of a number of research reports. CIBC raised shares of BlackBerry from a “sector underperform” rating to a “neutral” rating and boosted their target price for the stock from $4.20 to $6.50 in a research note on Thursday, May 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $4.50 target price on shares of BlackBerry in a research note on Thursday. TD Securities boosted their target price on shares of BlackBerry from $4.00 to $5.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Robert W. Baird decreased their target price on shares of BlackBerry from $6.00 to $5.50 in a research note on Thursday. Finally, 3M reissued a “maintains” rating on shares of BlackBerry in a research note on Thursday, May 18th. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, BlackBerry currently has an average rating of “Hold” and a consensus target price of $5.50.
View Our Latest Report on BB
BlackBerry Profile
(Free Report)
BlackBerry Ltd. engages in providing intelligent security software and services to enterprises and governments. The firm leverages artificial intelligence and machine learning to deliver solutions in the areas of cyber security, safety, and data privacy solutions, and also focuses on the areas of endpoint security, endpoint management, encryption, and embedded systems.
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