Guggenheim Capital LLC Buys 61,195 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Guggenheim Capital LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 118.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,012 shares of the communications equipment provider's stock after purchasing an additional 61,195 shares during the period. Guggenheim Capital LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Diversified Trust Co raised its position in Telefonaktiebolaget LM Ericsson (publ) by 68.7% in the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider's stock valued at $2,772,000 after purchasing an additional 140,116 shares during the period. Sanctuary Advisors LLC lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock worth $193,000 after acquiring an additional 10,530 shares during the period. Global Retirement Partners LLC increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 275.3% during the fourth quarter. Global Retirement Partners LLC now owns 48,892 shares of the communications equipment provider's stock worth $394,000 after acquiring an additional 35,863 shares during the period. JPMorgan Chase & Co. raised its position in Telefonaktiebolaget LM Ericsson (publ) by 55.1% in the fourth quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider's stock worth $14,475,000 after acquiring an additional 638,393 shares in the last quarter. Finally, Atria Investments Inc grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 370.6% in the 4th quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider's stock worth $408,000 after acquiring an additional 39,889 shares during the period. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ERIC shares. 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 report on Friday, April 11th. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, 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.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.4 %

ERIC traded up $0.04 on Tuesday, reaching $8.28. 6,654,280 shares of the company traded hands, compared to its average volume of 18,206,431. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.00 and a 52-week high of $8.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. The company has a market cap of $27.58 billion, a price-to-earnings ratio of -826,500.00, a PEG ratio of 3.89 and a beta of 0.92. The stock's 50 day moving average price is $7.95 and its 200-day moving average price is $8.08.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $5.68 billion during the quarter, compared to analysts' expectations 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 expect 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.