Shell Asset Management Co. continued to hold its position in shares of BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,592 shares of the company’s stock at the end of the second quarter. Shell Asset Management Co.’s holdings in BlackBerry Limited were worth $656,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in shares of BlackBerry Limited by 3.1% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 87,650 shares of the company’s stock valued at $609,000 after buying an additional 2,650 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of BlackBerry Limited by 13.2% in the first quarter. Capstone Asset Management Co. now owns 62,943 shares of the company’s stock valued at $488,000 after buying an additional 7,330 shares during the last quarter. Sei Investments Co. increased its position in shares of BlackBerry Limited by 14.9% in the first quarter. Sei Investments Co. now owns 1,487,400 shares of the company’s stock valued at $11,528,000 after buying an additional 193,410 shares during the last quarter. Bank of America Corp DE increased its position in shares of BlackBerry Limited by 300.0% in the first quarter. Bank of America Corp DE now owns 754,290 shares of the company’s stock valued at $5,847,000 after buying an additional 565,739 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of BlackBerry Limited by 2.1% in the first quarter. Bank of Montreal Can now owns 5,640,607 shares of the company’s stock valued at $43,715,000 after buying an additional 113,419 shares during the last quarter. 63.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of BlackBerry Limited (NASDAQ:BBRY) opened at 8.78 on Friday. The company’s 50-day moving average is $9.73 and its 200-day moving average is $8.87. The firm has a market capitalization of $4.66 billion, a price-to-earnings ratio of 36.13 and a beta of 0.97. BlackBerry Limited has a 12-month low of $6.65 and a 12-month high of $11.74.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last issued its quarterly earnings data on Friday, June 23rd. The company reported $0.02 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.02. BlackBerry Limited had a net margin of 11.68% and a negative return on equity of 1.67%. The business had revenue of $244 million during the quarter, compared to analysts’ expectations of $262.80 million. BlackBerry Limited’s revenue was down 42.5% compared to the same quarter last year. On average, equities analysts forecast that BlackBerry Limited will post $0.04 earnings per share for the current fiscal year.

BlackBerry Limited announced that its Board of Directors has authorized a share buyback program on Friday, June 23rd that permits the company to repurchase 31,000,000 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

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BBRY has been the topic of several recent analyst reports. Vetr raised shares of BlackBerry Limited from a “buy” rating to a “strong-buy” rating and set a $12.19 price objective on the stock in a research note on Tuesday, May 30th. Morgan Stanley reduced their price objective on shares of BlackBerry Limited from $10.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, June 21st. TheStreet downgraded shares of BlackBerry Limited from a “b-” rating to a “c+” rating in a research note on Monday, July 17th. BidaskClub downgraded shares of BlackBerry Limited from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a $8.00 price target on shares of BlackBerry Limited in a research note on Wednesday, June 21st. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. BlackBerry Limited has an average rating of “Hold” and a consensus target price of $9.47.

BlackBerry Limited Company Profile

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of smartphones and enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

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Institutional Ownership by Quarter for BlackBerry Limited (NASDAQ:BBRY)

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