Marshall Wace LLP Grows Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Marshall Wace LLP grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 39.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,898,019 shares of the communications equipment provider's stock after purchasing an additional 535,933 shares during the period. Marshall Wace LLP owned approximately 0.06% of Telefonaktiebolaget LM Ericsson (publ) worth $11,711,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in ERIC. Advisors Asset Management Inc. raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 4.4% during the 1st quarter. Advisors Asset Management Inc. now owns 190,065 shares of the communications equipment provider's stock worth $1,047,000 after buying an additional 8,086 shares during the period. Oppenheimer & Co. Inc. grew its position in Telefonaktiebolaget LM Ericsson (publ) by 4,904.4% in the 4th quarter. Oppenheimer & Co. Inc. now owns 835,784 shares of the communications equipment provider's stock valued at $5,265,000 after purchasing an additional 819,083 shares during the period. First Affirmative Financial Network increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 9.4% during the 1st quarter. First Affirmative Financial Network now owns 26,354 shares of the communications equipment provider's stock valued at $145,000 after purchasing an additional 2,268 shares in the last quarter. QRG Capital Management Inc. raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 176.2% during the second quarter. QRG Capital Management Inc. now owns 188,231 shares of the communications equipment provider's stock worth $1,161,000 after buying an additional 120,072 shares during the last quarter. Finally, Gateway Investment Advisers LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,260.7% during the second quarter. Gateway Investment Advisers LLC now owns 630,541 shares of the communications equipment provider's stock valued at $3,890,000 after buying an additional 584,201 shares during the last quarter. Institutional investors own 7.99% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a report on Tuesday, September 24th. JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a "neutral" rating in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $5.90.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.9 %

Shares of ERIC traded down $0.07 during trading hours on Friday, reaching $7.70. 11,552,634 shares of the stock traded hands, compared to its average volume of 16,736,766. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.33 and a 52 week high of $7.83. The company has a market cap of $25.66 billion, a price-to-earnings ratio of -7.78 and a beta of 0.83. The stock has a fifty day simple moving average of $7.15 and a 200 day simple moving average of $6.22. The company has a current ratio of 1.14, a quick ratio of 0.90 and a debt-to-equity ratio of 0.39.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last posted its earnings results on Friday, July 12th. The communications equipment provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.39% and a negative net margin of 14.13%. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.29 billion. On average, equities analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.41 EPS for the current year.

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.