Mn Services Vermogensbeheer BV Takes Position in BlackBerry Ltd (BBRY)

Joanna Estrada
August 11, 2017

4,079K shares changed hands in the last trading session. Credit Suisse AG owned about 0.12% of BlackBerry Limited worth $5,125,000 as of its most recent SEC filing.

A number of research analysts recently issued reports on BBRY shares. BNP Paribas Arbitrage SA increased its stake in BlackBerry Limited by 9.5% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in BlackBerry Limited by 3.1% in the first quarter. As of quarter end Cibc World Markets Inc. had acquired 373,691 shares growing its stake by 6.5%. First Trust Advisors LP now owns 126,287 shares of the company's stock valued at $979,000 after buying an additional 8,947 shares in the last quarter. Beck Mack & Oliver LLC acquired a new position in shares of BlackBerry Limited during the first quarter worth $105,000. Exane Derivatives now owns 28,367 shares of the company's stock valued at $220,000 after buying an additional 13,018 shares in the last quarter. As of the end of the quarter Letko, Brosseau & Associates Inc had sold a total of 62,295 shares trimming its position 1.7%. Bank of Montreal Can now owns 5,640,607 shares of the company's stock worth $43,715,000 after buying an additional 113,419 shares during the last quarter. Institutional investors own 63.31% of the company's stock.

TD Asset Management Inc. raised its stake in BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). About shares traded. Companhia de Saneamento Basico (ADR) (NYSE:SBS) has risen 24.02% since August 9, 2016 and is uptrending.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is -7.30% and standing -11.47% away from 50-Day Simple Moving Average while traded up 8.80% from 200-Day Simple Moving Average. The stock touched 52-week High of $11.74 on 06/01/17 and 52-week Low of $6.65 on 03/09/17.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last released its quarterly earnings results on Friday, June 23rd. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. BlackBerry had a return on equity of 112.26% and a net margin of 285.53%. The business had revenue of $244 million for the quarter, compared to analyst estimates of $262.80 million. The company's revenue was down 42.5% compared to the same quarter a year ago. Analysts expect next quarter's EPS will be $0.01 and the next full year EPS is anticipated to be $0.07.

BlackBerry Limited announced that its board has authorized a share repurchase plan on Friday, June 23rd that authorizes the company to buyback 31,000,000 shares. It is calculated by dividing the current market price of the stock by its earnings per share (EPS). Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

ILLEGAL ACTIVITY NOTICE: "BlackBerry Limited (BBRY) Given a $10.00 Price Target by Royal Bank Of Canada Analysts" was originally published by BNB Daily and is owned by of BNB Daily. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law. The original version of this news story can be accessed at https://theolympiareport.com/2017/08/10/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-blackberry-limited-bbry-stock-price-updated.html. A total number of 12 analysts provided estimations over revenues. They issued a "sell" rating and a $8.50 price target on the stock. The stock of BlackBerry Ltd (NASDAQ:BBRY) has "Hold" rating given on Friday, September 4 by S&P Research. Finally, BMO Capital Markets lifted their price target on shares of BlackBerry from $8.00 to $9.00 and gave the company a "market perform" rating in a report on Monday, April 17th. BidaskClub lowered shares of BlackBerry Limited from a hold rating to a sell rating in a research report on Wednesday, August 2nd. Wells Fargo & Company restated a market perform rating and set a $9.00 price target (up previously from $8.50) on shares of BlackBerry Limited in a research report on Monday, June 26th. The brokerage now has a hold rating on the stock. Primecap Management Co/Ca/ owns $689.28 million in BlackBerry Limited, which represents roughly 14.39% of the company's market cap and approximately 22.56% of the institutional ownership.

Let's have a look at some of the important valuation ratios of the BlackBerry Limited (BBRY). The Company is engaged in the sale of enterprise software and services.

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