Fairfax Financial Holdings Ltd. Can Has $186.79 Million Stock Position in BlackBerry Limited $BB

Fairfax Financial Holdings Ltd. Can trimmed its position in BlackBerry Limited (NYSE:BB) by 12.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,784,700 shares of the company’s stock after selling 5,940,000 shares during the period. BlackBerry makes up approximately 10.0% of Fairfax Financial Holdings Ltd. Can’s investment portfolio, making the stock its 4th largest holding. Fairfax Financial Holdings Ltd. Can owned 0.07% of BlackBerry worth $186,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cetera Investment Advisers grew its holdings in shares of BlackBerry by 8.1% during the first quarter. Cetera Investment Advisers now owns 414,254 shares of the company’s stock worth $1,562,000 after buying an additional 31,139 shares in the last quarter. Vanguard Group Inc. boosted its position in BlackBerry by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 23,084,515 shares of the company’s stock worth $86,936,000 after acquiring an additional 218,684 shares during the last quarter. Chicago Partners Investment Group LLC bought a new position in shares of BlackBerry during the 1st quarter worth approximately $37,000. Invesco Ltd. grew its stake in shares of BlackBerry by 45.7% during the 1st quarter. Invesco Ltd. now owns 167,750 shares of the company’s stock worth $632,000 after acquiring an additional 52,634 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of BlackBerry in the first quarter valued at approximately $782,000. 54.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Mattias Eriksson sold 5,914 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $4.62, for a total value of $27,322.68. Following the completion of the sale, the insider directly owned 291,340 shares of the company’s stock, valued at $1,345,990.80. This trade represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Philip S. Kurtz sold 44,178 shares of BlackBerry stock in a transaction that occurred on Sunday, September 28th. The stock was sold at an average price of $4.95, for a total value of $218,681.10. Following the transaction, the insider owned 95,468 shares of the company’s stock, valued at $472,566.60. This represents a 31.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 88,565 shares of company stock valued at $423,706 over the last three months. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

BB has been the subject of several recent research reports. Weiss Ratings restated a “sell (d-)” rating on shares of BlackBerry in a report on Wednesday, October 8th. TD Cowen reissued a “hold” rating and set a $5.00 price target on shares of BlackBerry in a research report on Friday, October 3rd. Royal Bank Of Canada raised their price objective on BlackBerry from $4.00 to $4.50 and gave the company a “sector perform” rating in a report on Friday, September 26th. Robert W. Baird lifted their target price on BlackBerry from $5.00 to $5.50 and gave the company a “neutral” rating in a research report on Friday, September 26th. Finally, Zacks Research cut BlackBerry from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.10.

BlackBerry Stock Performance

Shares of BB opened at $4.33 on Monday. The company has a market cap of $2.56 billion, a PE ratio of -432.50 and a beta of 1.41. The firm has a 50-day moving average of $4.50 and a 200-day moving average of $4.19. BlackBerry Limited has a one year low of $2.53 and a one year high of $6.24. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.20 and a quick ratio of 2.20.

BlackBerry (NYSE:BB) last issued its earnings results on Thursday, September 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. BlackBerry had a negative net margin of 0.60% and a positive return on equity of 6.07%. The company had revenue of $130.96 million for the quarter, compared to analysts’ expectations of $122.03 million. The firm’s revenue was down 10.6% on a year-over-year basis. BlackBerry has set its Q3 2026 guidance at 0.020-0.040 EPS and its FY 2026 guidance at 0.110-0.15 EPS. As a group, equities analysts forecast that BlackBerry Limited will post -0.03 earnings per share for the current year.

About BlackBerry

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.