Owen LaRue LLC Buys Shares of 18,847 BlackBerry Limited (NYSE:BB)

Owen LaRue LLC bought a new stake in shares of BlackBerry Limited (NYSE:BB) during the fourth quarter, HoldingsChannel reports. The fund bought 18,847 shares of the company’s stock, valued at approximately $71,000.

Other large investors have also recently bought and sold shares of the company. Barclays PLC grew its holdings in BlackBerry by 60.2% during the 3rd quarter. Barclays PLC now owns 249,218 shares of the company’s stock valued at $652,000 after buying an additional 93,651 shares during the last quarter. Milestone Asset Management LLC acquired a new stake in BlackBerry during the 4th quarter valued at $557,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BlackBerry by 41.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,669,715 shares of the company’s stock worth $51,856,000 after purchasing an additional 4,039,483 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in shares of BlackBerry by 60.5% during the fourth quarter. Alberta Investment Management Corp now owns 644,900 shares of the company’s stock worth $2,448,000 after purchasing an additional 243,000 shares during the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new stake in shares of BlackBerry during the fourth quarter worth $641,000. Institutional investors and hedge funds own 54.48% of the company’s stock.

BlackBerry Price Performance

Shares of BlackBerry stock opened at $3.40 on Tuesday. BlackBerry Limited has a twelve month low of $2.01 and a twelve month high of $6.24. The stock has a market capitalization of $2.03 billion, a P/E ratio of -15.45 and a beta of 1.30. 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’s fifty day moving average price is $3.94 and its 200 day moving average price is $3.61.

BlackBerry (NYSE:BB) last released its quarterly earnings data on Wednesday, April 2nd. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. BlackBerry had a negative return on equity of 2.02% and a negative net margin of 21.16%. The company had revenue of $141.70 million for the quarter, compared to analyst estimates of $137.56 million. During the same period last year, the company posted $0.03 earnings per share. The firm’s revenue was down 7.3% compared to the same quarter last year. As a group, research analysts anticipate that BlackBerry Limited will post -0.03 earnings per share for the current year.

Insider Buying and Selling at BlackBerry

In related news, SVP Jennifer Armstrong-Owen sold 29,940 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $2.99, for a total value of $89,520.60. Following the transaction, the senior vice president now owns 42,398 shares in the company, valued at approximately $126,770.02. The trade was a 41.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 37,216 shares of company stock valued at $112,025 over the last three months. 0.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BB. Canaccord Genuity Group decreased their price objective on BlackBerry from $4.75 to $4.25 and set a “hold” rating on the stock in a report on Thursday, April 3rd. Royal Bank of Canada set a $3.75 price objective on BlackBerry in a report on Thursday, April 3rd. CIBC decreased their price objective on BlackBerry from $7.00 to $6.00 and set an “outperformer” rating on the stock in a report on Thursday, April 3rd. Finally, StockNews.com upgraded BlackBerry from a “sell” rating to a “hold” rating in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BlackBerry has an average rating of “Hold” and an average target price of $4.12.

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.