BlackBerry Ltd T.BB

RE:BlackBerry Ltd (BBRY) Upgraded by Wolfe Research to Peer Per

[IqaluitZen]

IqaluitZen wrote:

BlackBerry Ltd (BBRY) Upgraded by

Wolfe Research to Peer Perform

https://www.hilltopmhc.com/blackberry-ltd-bbry-upgraded-by-wolfe-research-to-peer-perform/

Several large investors have added to or reduced their stakes in the stock. Highbridge Capital Management LLC acquired a new stake in BlackBerry during the fourth quarter worth $2,005,000. APG Asset Management N.V. increased its stake in BlackBerry by 16.7% in the fourth quarter. APG Asset Management N.V. now owns 4,856,581 shares of the smartphone producer’s stock worth $44,950,000 after buying an additional 695,093 shares during the last quarter. Two Sigma Advisers LLC increased its stake in BlackBerry by 645.6% in the fourth quarter. Two Sigma Advisers LLC now owns 532,363 shares of the smartphone producer’s stock worth $4,940,000 after buying an additional 460,963 shares during the last quarter. Ontario Teachers Pension Plan Board increased its stake in BlackBerry by 7.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 11,443,303 shares of the smartphone producer’s stock worth $105,775,000 after buying an additional 838,036 shares during the last quarter. Finally, PineView Asset Management LP acquired a new stake in BlackBerry during the fourth quarter worth $1,977,000.
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Lots of institutions are adding to their holdings of Blackberry.
None of them seem to have reduced their positions (Ontario Teachers own a ton of Blackberry now).

Smart money is piling into Blackberry.
This should give the Blackberry LONGS a lot more confidence.

Just thought I'd remind people that Blackberry has seen some serious stock buying increases from large investors and funds. Smart money is piling into Blackberry as it's SP makes it a screaming BUY!