Hollencrest Securities Lowers stake in BlackBerry Ltd (BBRY)

BlackBerry Ltd (BBRY) : Hollencrest Securities reduced its stake in BlackBerry Ltd by 0.73% during the most recent quarter end. The investment management company now holds a total of 163,752 shares of BlackBerry Ltd which is valued at $1.2 Million after selling 1,198 shares in BlackBerry Ltd according to a report filed by the company on Apr 5, 2016 with the SEC.BlackBerry Ltd makes up approximately 0.20% of Hollencrest Securities’s portfolio.

On the company’s financial health, BlackBerry Ltd reported $-0.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on Dec 18, 2015. Analyst had a consensus of $-0.15. The company had revenue of $548.00 million for the quarter, compared to analysts expectations of $487.98 million. The company’s revenue was down -30.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.01 EPS.

Many Wall Street Analysts have commented on BlackBerry Ltd. Shares were Resumed by RBC Capital Mkts on Apr 4, 2016 to “Sector Perform” and Lowered the Price Target to $ 8 from a previous price target of $9 .BlackBerry Ltd was Initiated by TD Securities to “Buy” on Feb 2, 2016.

BlackBerry Ltd closed down -0.01 points or -0.14% at $7.05 with 43,67,602 shares getting traded on Monday. Post opening the session at $7.13, the shares hit an intraday low of $7.04 and an intraday high of $7.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

BlackBerry Limited (BlackBerry) is a provider of mobile communications and services. The Company is engaged primarily in the provision of the BlackBerry wireless solution consisting of smartphones service and software. The Company’s four areas of business are Devices business Enterprise Services BlackBerry Technology Solutions (BTS) business and Messaging. The Company’s Devices business is focused on delivering smartphone products. BlackBerry’s Enterprise Services business offers enterprise products and services. The Company’s BTS business consists of five units: QNX Software Systems Limited (QNX) Certicom Paratek the BlackBerry Internet of Things (IoT) Platform and Intellectual Property and Patent Licensing (IPPL). The Company’s Messaging business is engaged in providing BlackBerry Messenger (BBM) the Company’s instant mobile to mobile private messaging service. The Company offers a portfolio of smartphone products to both the enterprise and consumer markets.

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