Global Retirement Partners LLC Buys 35,863 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Global Retirement Partners LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 275.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,892 shares of the communications equipment provider’s stock after purchasing an additional 35,863 shares during the quarter. Global Retirement Partners LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $394,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $81,000. Assetmark Inc. increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% in the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after buying an additional 11,708 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $94,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at about $100,000. Finally, Fulton Bank N.A. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $102,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.2 %

ERIC opened at $7.91 on Monday. The firm’s fifty day simple moving average is $8.03 and its 200 day simple moving average is $7.88. The stock has a market capitalization of $26.36 billion, a P/E ratio of -791,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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 anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal 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.