Manufacturers Life Insurance Company Increases Stake in BlackBerry Stock
What happened
Manufacturers Life Insurance Company increased its investment in BlackBerry stock on October 8, 2026. Separately, insider Philip Kurtz sold 4,168 shares of BlackBerry stock on October 2, 2026, for a total value of $38,262.24, which represented a 5.75% decrease in his ownership of the company's stock. BlackBerry recently reported $0.07 earnings per share for the quarter, exceeding the consensus estimate of $0.04.
From themarketsdaily.com
Why it matters
The increased investment by Manufacturers Life Insurance Company reflects institutional confidence in BlackBerry. BlackBerry reported revenue of $166.56 million during the last quarter, surpassing the consensus estimate of $144.22 million. The company maintains a debt-to-equity ratio of 0.25 and a current ratio of 2.38.
From themarketsdaily.com
Who's involved
- Manufacturers Life Insurance CompanyIncreased its investment in BlackBerry stock.
- BlackBerryThe company whose stock was purchased by Manufacturers Life Insurance Company.
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The entities involved
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Manufacturers Life Insurance Company
business
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BlackBerry
enterprise software and the Internet of things company
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