13,732 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Acquired by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 13,732 shares of the communications equipment provider’s stock, valued at approximately $111,000.

Several other institutional investors have also added to or reduced their stakes in ERIC. FMR LLC lifted 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 valued at $18,287,000 after purchasing an additional 463,415 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after buying an additional 2,020,200 shares during the last quarter. Verition Fund Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% in 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 acquiring an additional 73,320 shares during the period. Quantinno Capital Management LP increased its position in 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 valued at $4,389,000 after acquiring an additional 153,084 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 463.1% in the third quarter. Natixis Advisors LLC now owns 524,487 shares of the communications equipment provider’s stock valued at $3,976,000 after acquiring an additional 431,337 shares during the period. 7.99% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ERIC has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research note 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) Trading Up 1.2 %

NASDAQ:ERIC opened at $7.83 on Thursday. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The business has a fifty day moving average price of $8.10 and a 200-day moving average price of $7.81. The firm has a market capitalization of $26.09 billion, a price-to-earnings ratio of -783,000.00, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing analysts’ consensus estimates 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%. Sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

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.