Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 633.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,916 shares of the communications equipment provider's stock after buying an additional 148,473 shares during the period. Graham Capital Management L.P.'s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,386,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 401.1% during the fourth quarter. Renaissance Technologies LLC now owns 13,607,012 shares of the communications equipment provider's stock worth $109,673,000 after purchasing an additional 10,891,451 shares in the last quarter. National Bank of Canada FI bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $23,440,000. Sei Investments Co. increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 55.0% in the fourth quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider's stock worth $38,755,000 after buying an additional 1,705,246 shares during the last quarter. DigitalBridge Group Inc. increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 28.8% in the fourth quarter. DigitalBridge Group Inc. now owns 6,382,140 shares of the communications equipment provider's stock worth $51,440,000 after buying an additional 1,427,386 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $8,746,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Thursday, April 17th. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the stock a "neutral" rating in a research note on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

ERIC stock traded up $0.01 during trading on Friday, hitting $8.47. 21,548,558 shares of the company's stock traded hands, compared to its average volume of 18,923,354. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.71 and a 52 week high of $8.90. The stock has a fifty day moving average price of $7.97 and a two-hundred day moving average price of $8.07. The stock has a market capitalization of $28.23 billion, a price-to-earnings ratio of -847,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last released its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $55.83 billion. As a group, equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

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.