Hrs Investment Holdings Lowers stake in BlackBerry Ltd (BBRY)

BlackBerry Ltd (BBRY) : Hrs Investment Holdings reduced its stake in BlackBerry Ltd by 20.0% during the most recent quarter end. The investment management company now holds a total of 100,000 shares of BlackBerry Ltd which is valued at $808,000 after selling 25,000 shares in BlackBerry Ltd , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.BlackBerry Ltd makes up approximately 0.74% of Hrs Investment Holdings’s portfolio.

Other Hedge Funds, Including , Amp Capital Investors Ltd reduced its stake in BBRY by selling 300 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 242,112 shares of BBRY which is valued at $1,956,265. BlackBerry Ltd makes up approx 0.01% of Amp Capital Investors Ltd’s portfolio.Primecap Management Coca boosted its stake in BBRY in the latest quarter, The investment management firm added 624,400 additional shares and now holds a total of 76,722,307 shares of BlackBerry Ltd which is valued at $619,916,241. BlackBerry Ltd makes up approx 0.61% of Primecap Management Coca’s portfolio. Engineers Gate Manager Lp added BBRY to its portfolio by purchasing 384,077 company shares during the most recent quarter which is valued at $3,103,342. BlackBerry Ltd makes up approx 0.21% of Engineers Gate Manager Lp’s portfolio. Gmt Capital Corp added BBRY to its portfolio by purchasing 58,600 company shares during the most recent quarter which is valued at $461,768. BlackBerry Ltd makes up approx 0.01% of Gmt Capital Corp’s portfolio.Greylin Investment Mangement Inc boosted its stake in BBRY in the latest quarter, The investment management firm added 50,025 additional shares and now holds a total of 86,300 shares of BlackBerry Ltd which is valued at $654,154. BlackBerry Ltd makes up approx 0.14% of Greylin Investment Mangement Inc’s portfolio.

BlackBerry Ltd opened for trading at $7.59 and hit $7.66 on the upside on Thursday, eventually ending the session at $7.61, with a gain of 0.26% or 0.02 points. The heightened volatility saw the trading volume jump to 20,32,096 shares. Company has a market cap of $3,976 M.

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. BlackBerry Ltd was Upgraded by Raymond James to ” Outperform” on Aug 12, 2016. Shares were Reiterated by RBC Capital Mkts on Jun 24, 2016 to “Sector Perform” and Lowered the Price Target to $ 7 from a previous price target of $8 .Shares were Reiterated by Imperial Capital on Jun 16, 2016 to “In-line” and Lowered the Price Target to $ 7 from a previous price target of $7.50 .

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.

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