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Koss Olinger Consulting LLC Has $112,000 Stock Position in Ericsson (NASDAQ:ERIC)

Ericsson logo with Computer and Technology background

Key Points

  • Koss Olinger Consulting LLC reduced its stake in Ericsson by 89.8% in Q1, now holding 14,442 shares valued at $112,000.
  • Several institutional investors, including SG Americas Securities LLC and Schechter Investment Advisors LLC, increased their positions in Ericsson during the same period.
  • Ericsson recently reported an EPS of $0.14 for Q2, exceeding estimates, although its revenue fell 6.2% year-over-year.
  • Want stock alerts on Ericsson? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Koss Olinger Consulting LLC decreased its stake in Ericsson (NASDAQ:ERIC - Free Report) by 89.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,442 shares of the communications equipment provider's stock after selling 127,377 shares during the quarter. Koss Olinger Consulting LLC's holdings in Ericsson were worth $112,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC boosted its position in Ericsson by 0.9% during the 1st quarter. SG Americas Securities LLC now owns 158,085 shares of the communications equipment provider's stock worth $1,227,000 after acquiring an additional 1,339 shares during the period. Schechter Investment Advisors LLC boosted its position in Ericsson by 9.5% during the 1st quarter. Schechter Investment Advisors LLC now owns 18,476 shares of the communications equipment provider's stock worth $143,000 after acquiring an additional 1,609 shares during the period. Allspring Global Investments Holdings LLC boosted its position in Ericsson by 7.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 25,231 shares of the communications equipment provider's stock worth $196,000 after acquiring an additional 1,713 shares during the period. Aaron Wealth Advisors LLC boosted its position in Ericsson by 6.3% during the 1st quarter. Aaron Wealth Advisors LLC now owns 30,122 shares of the communications equipment provider's stock worth $234,000 after acquiring an additional 1,777 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in Ericsson by 14.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,397 shares of the communications equipment provider's stock worth $127,000 after acquiring an additional 2,057 shares during the period. Institutional investors and hedge funds own 7.99% of the company's stock.

Analysts Set New Price Targets

ERIC has been the subject of a number of research reports. Wall Street Zen upgraded Ericsson from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Kepler Capital Markets upgraded Ericsson from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 16th.

View Our Latest Stock Report on ERIC

Ericsson Stock Up 0.1%

Shares of Ericsson stock opened at $7.51 on Monday. The firm has a market cap of $25.15 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 12.02 and a beta of 0.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.09 and a quick ratio of 0.86. Ericsson has a 52-week low of $6.64 and a 52-week high of $8.99. The stock has a 50-day simple moving average of $8.01 and a 200-day simple moving average of $8.03.

Ericsson (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings results on Tuesday, July 15th. The communications equipment provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $60.54 billion. Ericsson had a return on equity of 21.17% and a net margin of 7.06%. The firm's revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the company earned ($3.34) EPS. On average, equities research analysts expect that Ericsson will post 0.48 earnings per share for the current fiscal year.

About Ericsson

(Free Report)

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.

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Institutional Ownership by Quarter for Ericsson (NASDAQ:ERIC)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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