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

Shilanski & Associates Inc. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the fourth quarter, Holdings Channel.com reports. The fund bought 31,054 shares of the communications equipment provider’s stock, valued at approximately $250,000.

Several other hedge funds and other institutional investors have also bought and sold shares of ERIC. SG Americas Securities LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 11.5% in the 4th quarter. SG Americas Securities LLC now owns 156,746 shares of the communications equipment provider’s stock worth $1,263,000 after acquiring an additional 16,168 shares in the last quarter. Atomi Financial Group Inc. grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 19.1% during the fourth quarter. Atomi Financial Group Inc. now owns 40,252 shares of the communications equipment provider’s stock worth $324,000 after purchasing an additional 6,442 shares during the period. Diversify Advisory Services LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $166,000. Diversify Wealth Management LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $818,000. Finally, Aaron Wealth Advisors LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after buying an additional 2,172 shares during the period. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.90 on Friday. The business has a 50-day simple moving average of $8.22 and a 200 day simple moving average of $7.69. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released 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 negative net margin of 0.47% and a positive return on equity of 13.31%. As a group, analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on ERIC. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. increased 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 note on Monday, October 21st.

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.