Leuthold Group LLC Buys Shares of 422,236 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Leuthold Group LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 422,236 shares of the communications equipment provider's stock, valued at approximately $3,403,000.

Several other institutional investors have also recently made changes to their positions in ERIC. FMR LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider's stock worth $18,287,000 after buying an additional 463,415 shares during the period. Two Sigma Advisers LP boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider's stock worth $15,402,000 after purchasing an additional 2,020,200 shares in the last quarter. Verition Fund Management LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the third quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider's stock valued at $8,658,000 after buying an additional 73,320 shares during the last quarter. Drum Hill Capital LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $5,773,000. Finally, Quantinno Capital Management LP boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the third quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider's stock valued at $4,389,000 after buying an additional 153,084 shares during the last quarter. Institutional investors own 7.99% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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) Stock Performance

ERIC stock traded down $0.03 during trading on Wednesday, hitting $8.28. 17,613,905 shares of the company traded hands, compared to its average volume of 16,782,783. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90. The company has a market cap of $27.58 billion, a PE ratio of -827,500.00, a P/E/G ratio of 3.89 and a beta of 0.77. The stock's 50-day simple moving average is $8.03 and its 200 day simple moving average is $7.90. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96.

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