Two Sigma Securities LLC Purchases 43,535 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Two Sigma Securities LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 66.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 108,596 shares of the communications equipment provider's stock after purchasing an additional 43,535 shares during the quarter. Two Sigma Securities LLC's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $875,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the 4th quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider's stock worth $121,000 after acquiring an additional 1,464 shares during the last quarter. First Affirmative Financial Network boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock worth $324,000 after purchasing an additional 1,798 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock valued at $228,000 after buying an additional 2,172 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 3.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 75,812 shares of the communications equipment provider's stock valued at $611,000 after buying an additional 2,763 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after buying an additional 2,840 shares during the period. Institutional investors own 7.99% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ERIC. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 16th. StockNews.com 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. raised their price objective 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.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.5 %

NASDAQ:ERIC traded up $0.05 during trading hours on Thursday, reaching $8.29. 11,366,565 shares of the stock were exchanged, compared to its average volume of 18,330,244. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.00 and a twelve month high of $8.90. The stock has a market cap of $27.61 billion, a PE ratio of -828,500.00, a PEG ratio of 3.89 and a beta of 0.92. The firm has a 50 day moving average of $7.97 and a 200 day moving average of $8.08.

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 analysts' consensus estimates 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 business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $55.83 billion. On average, equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

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.