Diversified Trust Co Has $2.77 Million Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Diversified Trust Co grew its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 68.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,965 shares of the communications equipment provider's stock after acquiring an additional 140,116 shares during the quarter. Diversified Trust Co's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $2,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in ERIC. CWA Asset Management Group LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $2,298,000. GAMMA Investing LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 33.7% during the fourth quarter. GAMMA Investing LLC now owns 14,082 shares of the communications equipment provider's stock valued at $114,000 after purchasing an additional 3,548 shares during the last quarter. Tidal Investments LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 11.1% during the 3rd quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider's stock worth $229,000 after purchasing an additional 3,026 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider's stock worth $193,000 after purchasing an additional 10,530 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at approximately $601,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC stock traded up $0.14 during midday trading on Wednesday, reaching $8.31. 22,790,941 shares of the company were exchanged, compared to its average volume of 17,172,668. The company's 50 day moving average price is $8.18 and its two-hundred day moving average price is $7.53. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19. The company has a market cap of $27.69 billion, a P/E ratio of -277.00 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.77 and a 12 month high of $8.62.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last announced its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. The firm had revenue of $5.93 billion for the quarter, compared to analysts' expectations of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. On average, sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ERIC. JPMorgan Chase & Co. upped their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a "neutral" rating in a research report on Monday, October 21st. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) has a consensus rating of "Hold" and an average target price of $6.70.

About Telefonaktiebolaget LM Ericsson (publ)

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.