Versant Capital Management Inc Has $276,000 Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Versant Capital Management Inc raised its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 2,188.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 35,606 shares of the communications equipment provider's stock after purchasing an additional 34,050 shares during the period. Versant Capital Management Inc's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $276,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ERIC. Checchi Capital Advisers LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the 4th 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 during the last quarter. Tidal Investments LLC lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.2% in the 4th quarter. Tidal Investments LLC now owns 32,681 shares of the communications equipment provider's stock worth $263,000 after acquiring an additional 2,484 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 3.8% during the fourth quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider's stock valued at $611,000 after purchasing an additional 2,763 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock valued at $40,000 after purchasing an additional 2,840 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 7.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 43,796 shares of the communications equipment provider's stock valued at $353,000 after purchasing an additional 3,052 shares during the last quarter. Institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.9%

ERIC stock traded up $0.08 during midday trading on Wednesday, reaching $8.58. The company had a trading volume of 17,832,411 shares, compared to its average volume of 19,254,846. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.76 and a 1 year high of $9.00. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $28.59 billion, a P/E ratio of -858,000.00, a PEG ratio of 3.89 and a beta of 0.96. The company has a 50 day moving average of $8.09 and a two-hundred day moving average of $8.11.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced 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 company had revenue of $5.68 billion for the quarter, compared to analyst estimates of $55.83 billion. On average, equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ERIC has been the topic of a number of recent analyst reports. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 16th. Wall Street Zen upgraded 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 company a "neutral" rating in a report on Friday, April 11th.

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.