Beech Hill Advisors Inc. increased its stake in shares of BlackBerry Ltd (NASDAQ:BBRY) by 245.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,185 shares of the smartphone producer’s stock after buying an additional 27,850 shares during the period. Beech Hill Advisors Inc.’s holdings in BlackBerry were worth $364,000 at the end of the most recent reporting period.

Shares of BlackBerry Ltd (NASDAQ:BBRY) traded down 1.26% during trading on Monday, hitting $7.03. The company had a trading volume of 2,080,141 shares. BlackBerry Ltd has a 12-month low of $5.96 and a 12-month high of $11.45. The firm has a 50 day moving average of $7.94 and a 200 day moving average of $7.54. The stock has a market cap of $3.70 billion and a PE ratio of 156.22.

BlackBerry (NASDAQ:BBRY) last released its quarterly earnings data on Friday, December 18th. The smartphone producer reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.12. During the same quarter in the prior year, the company posted $0.01 EPS. The company earned $557 million during the quarter. The company’s revenue for the quarter was down 30.9% on a year-over-year basis. On average, analysts forecast that BlackBerry Ltd will post ($0.33) earnings per share for the current fiscal year.

Several brokerages recently weighed in on BBRY. Zacks Investment Research upgraded shares of BlackBerry from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a report on Thursday, December 24th. RBC Capital reiterated a “sector perform” rating and issued a $9.00 price target on shares of BlackBerry in a report on Thursday, January 7th. Goldman Sachs reiterated a “sell” rating on shares of BlackBerry in a report on Tuesday, December 22nd. JPMorgan Chase & Co. upgraded shares of BlackBerry to a “hold” rating in a report on Tuesday, December 22nd. Finally, Raymond James reiterated a “hold” rating on shares of BlackBerry in a report on Tuesday, December 22nd. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $8.52.

BlackBerry Limited (NASDAQ:BBRY) 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.

12 Month Chart for NASDAQ:BBRY

Frustrated with your broker? Are you tired of paying high fees? Do you feel like you are getting ripped off by your stock broker? It's time for a change. Find out which brokerage is best for your personal trading style at the InvestorPlace Broker Center. Compare brokers at a glance in the InvestorPlace Broker Center (Click Here).

Receive News & Ratings for BlackBerry Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackBerry Ltd and related companies with MarketBeat.com's FREE daily email newsletter.