Connor Clark & Lunn Investment Management Ltd. Acquires New Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 125,552 shares of the communications equipment provider's stock, valued at approximately $1,012,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Checchi Capital Advisers LLC boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 10.8% during the fourth 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 period. First Affirmative Financial Network boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 4.7% in the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider's stock valued at $324,000 after purchasing an additional 1,798 shares during the period. D.A. Davidson & CO. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the 3rd quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider's stock valued at $264,000 after buying an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider's stock worth $228,000 after buying an additional 2,172 shares during the period. Finally, Pitcairn Co. lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the third quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider's stock worth $135,000 after buying an additional 2,279 shares in the last quarter. Institutional investors and hedge funds own 7.99% of the company's stock.

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Telefonaktiebolaget LM Ericsson (publ) Price Performance

Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.05 during trading hours on Monday, reaching $8.22. 22,991,815 shares of the stock were exchanged, compared to its average volume of 16,985,229. The stock has a 50 day moving average of $8.08 and a two-hundred day moving average of $8.03. The company has a market cap of $27.39 billion, a P/E ratio of -822,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 EPS for the quarter, missing the consensus estimate 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%. Equities analysts expect 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 Sunday, March 23rd. Investors of record on Thursday, March 27th were paid a $0.1315 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)'s dividend payout ratio (DPR) is -1,700,000.00%.

Analyst Upgrades and Downgrades

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

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.