Kornitzer Capital Management Inc. KS lifted its stake in BlackBerry Ltd (NYSE:BB) by 0.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,729,945 shares of the company’s stock after acquiring an additional 6,093 shares during the period. Kornitzer Capital Management Inc. KS owned 0.50% of BlackBerry worth $20,365,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of BB. Shell Asset Management Co. increased its position in BlackBerry by 2.6% in the 1st quarter. Shell Asset Management Co. now owns 46,492 shares of the company’s stock worth $469,000 after buying an additional 1,200 shares during the period. Cetera Advisors LLC boosted its stake in BlackBerry by 7.9% in the 1st quarter. Cetera Advisors LLC now owns 27,051 shares of the company’s stock valued at $273,000 after buying an additional 1,980 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in BlackBerry by 4.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 49,196 shares of the company’s stock valued at $496,000 after buying an additional 2,305 shares in the last quarter. Chartwell Investment Partners LLC boosted its stake in BlackBerry by 2.0% in the 1st quarter. Chartwell Investment Partners LLC now owns 142,853 shares of the company’s stock valued at $1,441,000 after buying an additional 2,835 shares in the last quarter. Finally, Stevens Capital Management LP boosted its stake in BlackBerry by 1.7% in the 1st quarter. Stevens Capital Management LP now owns 178,133 shares of the company’s stock valued at $1,797,000 after buying an additional 3,032 shares in the last quarter. 49.17% of the stock is currently owned by institutional investors and hedge funds.

BB traded down $0.24 during trading on Wednesday, hitting $6.76. The company’s stock had a trading volume of 88,086 shares, compared to its average volume of 4,150,083. The company has a market capitalization of $3.73 billion, a PE ratio of 52.31 and a beta of 1.79. BlackBerry Ltd has a 12 month low of $6.57 and a 12 month high of $12.00. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average price is $7.23.

BlackBerry (NYSE:BB) last released its earnings results on Wednesday, June 26th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. The company had revenue of $267.00 million during the quarter, compared to the consensus estimate of $264.55 million. BlackBerry had a return on equity of 1.84% and a net margin of 12.58%. The firm’s quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, analysts predict that BlackBerry Ltd will post -0.03 earnings per share for the current year.

Several analysts recently commented on BB shares. Canaccord Genuity decreased their price target on BlackBerry from $10.00 to $9.00 and set a “hold” rating on the stock in a research note on Thursday, June 27th. Royal Bank of Canada decreased their price target on BlackBerry from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 27th. Finally, Raymond James decreased their price target on BlackBerry from $11.00 to $10.50 and set a “market perform” rating on the stock in a research note on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. BlackBerry has a consensus rating of “Hold” and an average price target of $10.25.

About BlackBerry

BlackBerry Limited provides enterprise software and services worldwide. The company 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 networked crisis communications solution; SecuSUITE for Government, a voice encryption software solution; BlackBerry Enterprise Consulting and BlackBerry Cybersecurity Consulting services; and BBM Enterprise, an enterprise-grade instant messaging solution, as well as BlackBerry Spark Communication services.

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Institutional Ownership by Quarter for BlackBerry (NYSE:BB)

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