Great West Life Assurance Co. Can lessened its stake in BlackBerry Ltd (NYSE:BB) by 2.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 669,299 shares of the company’s stock after selling 14,276 shares during the period. Great West Life Assurance Co. Can’s holdings in BlackBerry were worth $4,694,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. First Trust Advisors LP acquired a new position in shares of BlackBerry during the third quarter valued at $1,291,000. Russell Investments Group Ltd. acquired a new position in BlackBerry during the third quarter worth about $1,207,000. US Bancorp DE acquired a new position in BlackBerry during the third quarter worth about $119,000. Engineers Gate Manager LP acquired a new position in BlackBerry during the third quarter worth about $199,000. Finally, Private Advisor Group LLC acquired a new position in BlackBerry during the third quarter worth about $231,000. 51.89% of the stock is currently owned by institutional investors.

NYSE:BB opened at $9.42 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 6.77 and a quick ratio of 6.77. BlackBerry Ltd has a 1-year low of $6.57 and a 1-year high of $13.38. The firm has a market capitalization of $5.16 billion, a P/E ratio of 188.40 and a beta of 2.06.

BlackBerry (NYSE:BB) last released its quarterly earnings results on Thursday, December 20th. The company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.03. BlackBerry had a return on equity of 0.98% and a net margin of 3.63%. The business had revenue of $226.00 million during the quarter, compared to analyst estimates of $215.38 million. During the same quarter last year, the company posted $0.03 EPS. BlackBerry’s revenue for the quarter was up .0% on a year-over-year basis. Research analysts expect that BlackBerry Ltd will post 0.02 EPS for the current fiscal year.

A number of research analysts recently issued reports on the company. Canaccord Genuity lowered their target price on BlackBerry from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Friday, December 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $8.00 target price on shares of BlackBerry in a report on Friday, December 21st. Raymond James reaffirmed a “market perform” rating and set a $10.00 target price on shares of BlackBerry in a report on Friday, December 21st. Royal Bank of Canada lowered their target price on BlackBerry from $11.00 to $10.00 and set a “sector perform” rating on the stock in a report on Friday, December 21st. Finally, TheStreet raised BlackBerry from a “d+” rating to a “c-” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. BlackBerry presently has a consensus rating of “Hold” and an average target price of $10.19.

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BlackBerry Company Profile

BlackBerry Limited operates as an enterprise software and services company focused on securing and managing endpoints in the Internet of Things. It 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 secure and networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting; and BBM Enterprise, an enterprise-grade secure instant messaging solution, as well as Communications Platform as a Service.

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Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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