Why You Should Invest In These Cheap Public Utilities Stocks

2. BlackBerry Ltd (NASDAQ:BBRY)

Investors with Long Positions (as of June 30): 23

Aggregate Value of Investors’ Holdings (as of June 30): $653.24 Million

BlackBerry Ltd (NASDAQ:BBRY) lost some interest among hedge funds during the second quarter, as the number of money managers invested in the stock was down by four quarter-over-quarter. Nevertheless, the value of the money invested in BlackBerry’s shares increased by $29.45 million during the same time span. It has been rumored that BlackBerry intends to release a new phone in an attempt to make the company’s smartphone business profitable again. However, the company has not announced any upcoming BlackBerry phones as of yet. Furthermore, the company is set to report its financial results for its fiscal second quarter of 2016 on September 25, so market participants can get new insight into its future prospects. Let’s not forget to mention that the shares of BlackBerry have lost over 32% year-to-date. Cliff Asness’ AQR Capital Management reported an ownership stake of 3.81 million shares in BlackBerry Ltd (NASDAQ:BBRY) via its latest 13F filing with the SEC.

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