BlackBerry Ltd (BBRY) : Hollencrest Securities scooped up 1,289 additional shares in BlackBerry Ltd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 161,649 shares of BlackBerry Ltd which is valued at $1,239,848.BlackBerry Ltd makes up approximately 0.18% of Hollencrest Securities’s portfolio.
Other Hedge Funds, Including , Creative Planning reduced its stake in BBRY by selling 3,952 shares or 17.4% in the most recent quarter. The Hedge Fund company now holds 18,755 shares of BBRY which is valued at $143,851. Beacon Capital Management sold out all of its stake in BBRY during the most recent quarter. The investment firm sold 100 shares of BBRY which is valued $789.Bnp Paribas Arbitrage Sa boosted its stake in BBRY in the latest quarter, The investment management firm added 314 additional shares and now holds a total of 88,468 shares of BlackBerry Ltd which is valued at $677,665.
BlackBerry Ltd closed down -0.22 points or -2.79% at $7.67 with 37,14,128 shares getting traded on Tuesday. Post opening the session at $7.87, the shares hit an intraday low of $7.65 and an intraday high of $7.89 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, BlackBerry Ltd reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Dec 18, 2015. Analyst had a consensus of $-0.15. The company had revenue of $548.00 million for the quarter, compared to analysts expectations of $487.98 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.
Many Wall Street Analysts have commented on BlackBerry Ltd. Company shares were Reiterated by Imperial Capital on Sep 30, 2016 to “In-line”, Firm has raised the Price Target to $ 8.50 from a previous price target of $7 .BlackBerry Ltd was Upgraded by Macquarie to ” Neutral” on Sep 29, 2016. Company shares were Reiterated by RBC Capital Mkts on Sep 29, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 7.50 from a previous price target of $7 .
BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution consisting of smartphones service and software. The Company’s four areas of business are Devices business Enterprise Services BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s BTS business consists of five units: QNX Software Systems Limited (QNX) Certicom Paratek the BlackBerry Internet of Things (IoT) Platform and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM) the Company’s instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.