Ethic Inc. Acquires 106,980 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Ethic Inc. lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 64.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,414 shares of the communications equipment provider’s stock after buying an additional 106,980 shares during the period. Ethic Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,204,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Checchi Capital Advisers LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider’s stock valued at $121,000 after buying an additional 1,464 shares in the last quarter. First Affirmative Financial Network grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% in the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock valued at $324,000 after acquiring an additional 1,798 shares during the period. Aaron Wealth Advisors LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock worth $228,000 after purchasing an additional 2,172 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider’s stock valued at $611,000 after purchasing an additional 2,763 shares during the period. Finally, Smartleaf Asset Management LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 2,840 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.1%

ERIC stock opened at $8.29 on Monday. The company has a market cap of $27.63 billion, a PE ratio of -829,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.30 and a 52 week high of $8.90. The business has a 50-day simple moving average of $7.98 and a 200 day simple moving average of $8.08.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. The business had revenue of $5.68 billion for the quarter, compared to analyst estimates of $55.83 billion. Sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ERIC shares. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 17th. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a “neutral” rating in a research report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Company 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.