Matlinpatterson Global and Ausdal Financial sells stake in BlackBerry


According to a disclosure filed by the company on May 13, 2016 with the SEC, Matlinpatterson Global Advisers has sold out all of its stake in BlackBerry during the most recent quarter. The investment management company has sold out 250,000 shares of BlackBerry, valued at $1.6 Million.

Ausdal Financial Partners also sold out all of its stake in BBRY during the most recent quarter. The investment firm sold 5,546 shares of BBRY, valued $37,103.

The company is slated to next post quarterly results on or around 23rd June 2016.

At the time of writing, the consensus price target (1 year) on shares of BlackBerry rests at $7.738. This is according to 13 sell-side analysts tracked by Zacks Research. The analyst with the most favourable outlook has the stock going to $11, while the most conservative analyst has a target of $6 on shares.

Other Hedge Funds, including Susquehanna International Group Llp boosted its stake in BBRY in the latest quarter, The investment management firm added 780,543 additional shares and now holds a total of 2,739,840 shares of BlackBerry, valued at $17.9 Million. BlackBerry makes up approx 0.06% of Susquehanna International Group Llp’s portfolio.

Raymond James Associates added BBRY to its portfolio by purchasing 29,257 company shares during the most recent quarter which is valued at $191,048.

Cibc Asset Management Inc reduced its stake in BBRY by selling 1,068 shares or 0.47% in the most recent quarter. The Hedge Fund company now holds 226,226 shares of BBRY, valued at $1.5 Million. BlackBerry  makes up approx 0.01% of Cibc Asset Management Inc’s portfolio.

Capital Fund Management S.a. boosted its stake in BBRY in the latest quarter, The investment management firm added 89,175 additional shares and now holds a total of 151,895 shares of BlackBerry,  valued at $1 Million. BlackBerry  makes up approx 0.02% of Capital Fund Management S.a.’s portfolio.

BlackBerry opened for trading at $6.96 and hit $7.17 on the upside on Wednesday, eventually ending the session at $7.16, with a gain of 3.17% or 0.22 points. The heightened volatility saw the trading volume jump to 41,76,111 shares. Company has a market cap of $3,741 M.


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