Alliance Wealth Advisors LLC UT Purchases Shares of 11,661 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Alliance Wealth Advisors LLC UT purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,661 shares of the communications equipment provider’s stock, valued at approximately $94,000.

Several other hedge funds also recently made changes to their positions in the business. FMR LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after purchasing an additional 463,415 shares during the period. Two Sigma Advisers LP increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after purchasing an additional 2,020,200 shares during the period. Verition Fund Management LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the third quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock worth $8,658,000 after purchasing an additional 73,320 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 35.9% during the third quarter. Gateway Investment Advisers LLC now owns 857,213 shares of the communications equipment provider’s stock worth $6,498,000 after purchasing an additional 226,672 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 35.9% during the third quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider’s stock worth $4,389,000 after purchasing an additional 153,084 shares during the period. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ ERIC opened at $7.52 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of -752,000.00, a P/E/G ratio of 3.64 and a beta of 0.77. The firm’s 50 day simple moving average is $8.17 and its 200 day simple moving average is $7.77. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. As a group, research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ERIC has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.