Trishield held a total of 740,030 shares of BlackBerry Ltd (NASDAQ:BBRY), with a market value of $6.61 million, a big increase from the previous quarter when it held a total of 139,700 shares. BlackBerry remains one of the most talked-about stocks in the world given its history as a dominant player in smartphones, even as the company itself has shrunk below small-cap levels at points throughout the last year and lost virtually all of its market share. It seems the Canadian company can’t really catch any momentum, as reports recently came out that big banks, including JPMorgan Chase Bank, are moving away from the use of BlackBerry devices. BlackBerry Ltd (NASDAQ:BBRY) has been widely castigated for its focus on making devices and less effort on creating apps to go along with them, something that has seen many of its customers switch to other devices. However, the company has reenergized its focus on creating secure apps for its customers to provide better services to its target market, which is mainly the corporate world. In terms of the company’s performance, it reported earnings per share of $0.04, which beat analysts’ consensus estimate by $0.07. For the current financial year, analysts forecast that the stock will post an earnings per share loss of $0.07. A total of 27 out of the 730 hedge funds we monitor were invested in the stock, having an aggregate of $623.99 million invested. Among them are Prem Watsa’s Fairfax Financial, and Jim Simons‘ Renaissance Technologies.
At the end of the quarter, Trishield held a total of 123,624 shares of Rosetta Resources Inc. (NASDAQ:ROSE), which had a market value of $2.10 million and was also a new purchase of the fund. The company recently entered into a merger agreement with Noble Energy in a $2.1 billion deal, a move that many analysts believe will breathe new life into the stock. The acquisition was inspired by the fact that Rosetta Resources Inc. (NASDAQ:ROSE) holds key production areas, the Eagle Ford and the Permian Basin, that are both resource-rich and cost-friendly. While the company’s production for the first quarter of 2015 went down, it was basically a strategic move to keep value for the future. During the first quarter, the company reported a loss of $0.13 in earnings per share. However, many investors are looking into the long-term prospects of the stock, with analysts predicting a consensus 5-year earnings per share growth rate of 10%. A total of 27 out of the 730 hedge funds that we monitor were invested in the stock, with four of them being hedge funds helmed by billionaires. The funds had an aggregate of $232.63 million invested in the stock at the end of the first quarter. Some of these hedge funds are First Pacific Advisors LLC, Renaissance Technologies, and Ric Dillon‘s Diamond Hill Capital.
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