Mount Yale Investment Advisors LLC Takes Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Mount Yale Investment Advisors LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,018 shares of the communications equipment provider's stock, valued at approximately $427,000.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 161,719 shares of the communications equipment provider's stock valued at $998,000 after buying an additional 19,562 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter valued at approximately $3,027,000. AQR Capital Management LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth $592,000. Millennium Management LLC purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth $2,896,000. Finally, Sanctuary Advisors LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter valued at $81,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Wall Street Analyst Weigh In

ERIC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a "neutral" rating in a research note on Monday, October 21st. 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) Stock Performance

NASDAQ ERIC traded down $0.23 on Friday, hitting $7.49. 26,154,200 shares of the stock traded hands, compared to its average volume of 16,619,258. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.95 and a current ratio of 1.17. The business's fifty day moving average is $8.18 and its two-hundred day moving average is $7.75. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.90. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of -749,000.00, a PEG ratio of 3.69 and a beta of 0.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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%. As a group, equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

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.