145,036 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Bought by Caprock Group LLC

Caprock Group LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 145,036 shares of the communications equipment provider’s stock, valued at approximately $1,169,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after acquiring an additional 463,415 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during 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 purchasing an additional 2,020,200 shares during the last quarter. Verition Fund Management LLC grew its stake 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 in the last quarter. Gateway Investment Advisers LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the third quarter. Gateway Investment Advisers LLC now owns 857,213 shares of the communications equipment provider’s stock valued at $6,498,000 after buying an additional 226,672 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 35.9% during the 3rd quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider’s stock worth $4,389,000 after buying an additional 153,084 shares during the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

ERIC has been the topic of a number of recent analyst reports. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on shares of 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.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ ERIC opened at $7.49 on Monday. The company has a fifty day moving average of $8.18 and a two-hundred day moving average of $7.76. 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 has a 1 year low of $4.77 and a 1 year high of $8.90. The company has a market capitalization of $24.96 billion, a PE ratio of -749,000.00, a P/E/G ratio of 3.69 and a beta of 0.79.

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