Institute for Wealth Management LLC. Has $476,000 Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Institute for Wealth Management LLC. lessened its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,066 shares of the communications equipment provider’s stock after selling 2,155 shares during the period. Institute for Wealth Management LLC.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $476,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ERIC. Hexagon Capital Partners LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock worth $43,000 after buying an additional 3,924 shares during the period. Vest Financial LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at $77,000. GAMMA Investing LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the third quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 5,070 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the second quarter valued at $81,000. Finally, Assetmark Inc. boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 11,708 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research report on Monday, October 21st.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ:ERIC opened at $7.49 on Friday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The business has a 50-day moving average of $8.19 and a two-hundred day moving average of $7.74. The stock has a market capitalization of $24.96 billion, a P/E ratio of -749,000.00, a P/E/G ratio of 3.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.95.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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%. On average, equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

About Telefonaktiebolaget LM Ericsson (publ)

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.