XTX Topco Ltd Has $1.20 Million Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

XTX Topco Ltd lowered its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 59.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 149,084 shares of the communications equipment provider's stock after selling 220,305 shares during the quarter. XTX Topco Ltd's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,202,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mariner LLC increased its stake in shares of 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 valued at $827,000 after buying an additional 6,202 shares during the period. Townsquare Capital LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 448.5% in the fourth quarter. Townsquare Capital LLC now owns 90,296 shares of the communications equipment provider's stock valued at $728,000 after acquiring an additional 73,835 shares during the last quarter. Capital Fund Management S.A. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $3,082,000. Scotia Capital Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $176,000. Finally, Raymond James Financial Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $860,000. Institutional investors and hedge funds own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 2.9 %

Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.23 during midday trading on Friday, hitting $8.17. 26,277,917 shares of the stock were exchanged, compared to its average volume of 17,938,854. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.00 and a 52 week high of $8.90. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $27.23 billion, a PE ratio of -817,000.00, a P/E/G ratio of 3.89 and a beta of 0.92. The company has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $8.05.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1315 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is -1,800,000.10%.

Analyst Ratings Changes

ERIC has been the subject of several analyst reports. 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 report on Friday, April 11th. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Kepler Capital Markets raised Telefonaktiebolaget LM Ericsson (publ) from a "strong sell" rating to a "hold" rating in a research note on Wednesday.

Telefonaktiebolaget LM Ericsson (publ) Company 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.