Aigen Investment Management LP Invests $339,000 in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Aigen Investment Management LP purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 42,025 shares of the communications equipment provider's stock, valued at approximately $339,000.

Several other hedge funds also recently modified their holdings of the business. Atria Investments Inc increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 370.6% during the 4th quarter. Atria Investments Inc now owns 50,651 shares of the communications equipment provider's stock worth $408,000 after purchasing an additional 39,889 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 694.8% during the 4th quarter. Assetmark Inc. now owns 98,413 shares of the communications equipment provider's stock worth $793,000 after buying an additional 86,031 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 15.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 252,164 shares of the communications equipment provider's stock worth $2,032,000 after buying an additional 32,982 shares during the period. Sage Rhino Capital LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $95,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $77,000. Institutional investors and hedge funds own 7.99% of the company's stock.

Remove Ads

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ ERIC traded up $0.20 during trading hours on Friday, hitting $8.66. 22,637,908 shares of the stock were exchanged, compared to its average volume of 18,243,402. 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's 50 day moving average is $8.07 and its 200 day moving average is $7.97. The firm has a market capitalization of $28.86 billion, a P/E ratio of -866,000.00, a P/E/G ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. On average, research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Saturday, March 8th. Shareholders of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio is -1,700,000.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a report on Friday, January 24th.

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.