Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Purchased by Atria Investments Inc

Atria Investments Inc increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Free Report) by 370.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 50,651 shares of the communications equipment provider's stock after acquiring an additional 39,889 shares during the period. Atria Investments Inc's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $408,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider's stock worth $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $77,000. Valeo Financial Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $81,000. Assetmark Inc. lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% in the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider's stock worth $94,000 after buying an additional 11,708 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 7.99% of the company's stock.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.5 %

Shares of Telefonaktiebolaget LM Ericsson (publ) stock traded up $0.05 on Thursday, hitting $8.26. 19,016,719 shares of the company's stock traded hands, compared to its average volume of 16,913,229. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The firm's 50-day moving average is $8.08 and its 200 day moving average is $8.01. The stock has a market cap of $27.51 billion, a P/E ratio of -825,500.00, a PEG ratio of 3.89 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90.

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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 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%. Equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 19th. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)'s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is currently -1,700,000.00%.

Analyst Ratings Changes

Separately, StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note 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.