Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock Position Raised by Forum Financial Management LP

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

Several other hedge funds and other institutional investors have also modified their holdings of ERIC. Park Avenue Securities LLC lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 54.9% in the 4th quarter. Park Avenue Securities LLC now owns 48,219 shares of the communications equipment provider's stock valued at $389,000 after purchasing an additional 17,098 shares in the last quarter. Merit Financial Group LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $107,000. Diversify Advisory Services LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $166,000. Atomi Financial Group Inc. lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 19.1% during the 4th quarter. Atomi Financial Group Inc. now owns 40,252 shares of the communications equipment provider's stock worth $324,000 after acquiring an additional 6,442 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 11.5% during the 4th quarter. SG Americas Securities LLC now owns 156,746 shares of the communications equipment provider's stock worth $1,263,000 after acquiring an additional 16,168 shares in the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.3%

Shares of NASDAQ ERIC traded down $0.03 during mid-day trading on Thursday, hitting $8.52. 9,323,124 shares of the company traded hands, compared to its average volume of 19,122,456. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.76 and a 1 year high of $9.00. The stock has a market capitalization of $28.38 billion, a price-to-earnings ratio of -852,500.00, a PEG ratio of 3.89 and a beta of 0.96. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $8.06 and a two-hundred day moving average of $8.10.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. On average, sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Kepler Capital Markets raised Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. boosted their price target on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research report on Friday, April 11th. Finally, Wall Street Zen raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th.

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.