Shilanski & Associates Inc. Takes $250,000 Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Shilanski & Associates Inc. purchased a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,054 shares of the communications equipment provider's stock, valued at approximately $250,000.

Several other large investors have also recently bought and sold shares of ERIC. Two Sigma Advisers LP lifted its position 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 buying an additional 2,020,200 shares during the last quarter. DigitalBridge Group Inc. increased its position in Telefonaktiebolaget LM Ericsson (publ) by 18.6% during the 2nd quarter. DigitalBridge Group Inc. now owns 5,018,017 shares of the communications equipment provider's stock valued at $30,961,000 after purchasing an additional 785,261 shares during the period. Marshall Wace LLP lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 39.3% in the 2nd quarter. Marshall Wace LLP now owns 1,898,019 shares of the communications equipment provider's stock worth $11,711,000 after purchasing an additional 535,933 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter valued at about $3,027,000. Finally, Millennium Management LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter valued at about $2,896,000. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 14.1 %

NASDAQ ERIC traded down $1.26 during trading hours on Friday, reaching $7.65. 37,590,978 shares of the company's stock traded hands, compared to its average volume of 17,547,586. The firm has a market cap of $25.48 billion, a PE ratio of -254.83 and a beta of 0.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.19 and a quick ratio of 0.95. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The firm has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $7.70.

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 positive return on equity of 13.31% and a negative net margin of 0.47%. Sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on ERIC shares. JPMorgan Chase & Co. raised their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a "neutral" rating in a report on Monday, October 21st. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, October 16th.

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.