Forum Financial Management LP Has $2.21 Million Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Forum Financial Management LP grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 264.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 274,585 shares of the communications equipment provider's stock after acquiring an additional 199,171 shares during the quarter. Forum Financial Management LP's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,213,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Minot DeBlois Advisors LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $35,000. GeoWealth Management LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $36,000. Smartleaf Asset Management LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 2,840 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $77,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $81,000. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

NASDAQ ERIC traded down $0.14 on Wednesday, reaching $8.54. The company's stock had a trading volume of 13,845,894 shares, compared to its average volume of 19,187,237. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.76 and a twelve month high of $9.00. 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 stock has a market cap of $28.46 billion, a PE ratio of -854,000.00, a PEG ratio of 3.89 and a beta of 0.96. The firm's 50 day moving average is $8.05 and its two-hundred day moving average is $8.09.

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 earnings per share 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 the consensus estimate of $55.83 billion. As a group, sell-side analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Analyst Upgrades and Downgrades

ERIC has been the subject of several research analyst reports. Wall Street Zen raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday, April 17th. Kepler Capital Markets raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a "neutral" rating in a report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Company 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.