Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Holdings Raised by Boothbay Fund Management LLC

Boothbay Fund Management LLC lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,257,459 shares of the communications equipment provider's stock after buying an additional 383,463 shares during the quarter. Telefonaktiebolaget LM Ericsson (publ) makes up about 0.5% of Boothbay Fund Management LLC's investment portfolio, making the stock its 29th largest holding. Boothbay Fund Management LLC owned approximately 0.07% of Telefonaktiebolaget LM Ericsson (publ) worth $18,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at approximately $601,000. Sanctuary Advisors LLC lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock valued at $193,000 after purchasing an additional 10,530 shares during the last quarter. Tidal Investments LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 11.1% in the 3rd quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider's stock worth $229,000 after purchasing an additional 3,026 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 33.7% in the fourth quarter. GAMMA Investing LLC now owns 14,082 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 3,548 shares during the period. Finally, CWA Asset Management Group LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $2,298,000. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC stock traded down $0.06 during mid-day trading on Wednesday, hitting $8.24. 24,560,226 shares of the stock traded hands, compared to its average volume of 27,385,274. Telefonaktiebolaget LM Ericsson has a twelve month low of $8.13 and a twelve month high of $8.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The company's 50-day simple moving average is $7.96 and its 200-day simple moving average is $8.08. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of -824,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 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 firm had revenue of $5.68 billion for the quarter, compared to analysts' expectations of $55.83 billion. As a group, equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ERIC shares. Kepler Capital Markets raised Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note 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. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a research note on Friday, April 11th.

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.