Bayesian Capital Management LP Acquires Shares of 105,400 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Bayesian Capital Management LP purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 105,400 shares of the communications equipment provider's stock, valued at approximately $850,000.

Other institutional investors have also added to or reduced their stakes in the company. Checchi Capital Advisers LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the fourth quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider's stock worth $121,000 after purchasing an additional 1,464 shares in the last quarter. First Affirmative Financial Network lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock valued at $324,000 after purchasing an additional 1,798 shares during the last quarter. Aaron Wealth Advisors LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock worth $228,000 after buying an additional 2,172 shares in the last quarter. Sequoia Financial Advisors LLC increased 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 worth $611,000 after buying an additional 2,763 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after buying an additional 2,840 shares in the last quarter. 7.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.1 %

Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.01 during trading hours on Friday, reaching $8.29. The company had a trading volume of 25,453,195 shares, compared to its average volume of 18,647,381. 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 has a 12-month low of $5.30 and a 12-month high of $8.90. The company has a 50-day moving average price of $7.98 and a 200 day moving average price of $8.08. The firm has a market cap of $27.63 billion, a price-to-earnings ratio of -829,000.00, a P/E/G ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $55.83 billion. Equities analysts forecast 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.