Dimensional Fund Advisors LP Buys 150,396 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Dimensional Fund Advisors LP boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 24.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 776,046 shares of the communications equipment provider's stock after buying an additional 150,396 shares during the quarter. Dimensional Fund Advisors LP's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $6,255,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ERIC. First Trust Advisors LP boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 5.3% during the 4th quarter. First Trust Advisors LP now owns 834,087 shares of the communications equipment provider's stock worth $6,723,000 after acquiring an additional 41,851 shares in the last quarter. Forum Financial Management LP lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 264.1% during the fourth quarter. Forum Financial Management LP now owns 274,585 shares of the communications equipment provider's stock valued at $2,213,000 after purchasing an additional 199,171 shares during the last quarter. GeoWealth Management LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at $36,000. Guggenheim Capital LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 118.1% in the 4th quarter. Guggenheim Capital LLC now owns 113,012 shares of the communications equipment provider's stock valued at $911,000 after purchasing an additional 61,195 shares during the period. Finally, Mariner LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 6.4% in the 4th quarter. Mariner LLC now owns 102,599 shares of the communications equipment provider's stock worth $827,000 after purchasing an additional 6,202 shares in the last quarter. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.7%

NASDAQ ERIC traded down $0.14 on Wednesday, reaching $8.31. The stock had a trading volume of 35,133,583 shares, compared to its average volume of 18,829,240. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.55 and a 1 year high of $8.90. The business has a 50 day moving average price of $7.97 and a 200 day moving average price of $8.08. The company has a market capitalization of $27.69 billion, a price-to-earnings ratio of -831,000.00, a P/E/G ratio of 3.89 and a beta of 0.96.

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, beating the consensus estimate of $0.09 by $0.03. The business 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, analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on ERIC shares. JPMorgan Chase & Co. raised their target price 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 raised Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Thursday, April 17th.

About Telefonaktiebolaget LM Ericsson (publ)

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.