First Affirmative Financial Network Grows Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

First Affirmative Financial Network boosted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 4.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 40,182 shares of the communications equipment provider’s stock after buying an additional 1,798 shares during the period. First Affirmative Financial Network’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Two Sigma Advisers LP increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after acquiring an additional 2,020,200 shares during the period. Squarepoint Ops LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter worth approximately $3,027,000. Millennium Management LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 2nd quarter worth approximately $2,896,000. FMR LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after buying an additional 463,415 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 463.1% in the third quarter. Natixis Advisors LLC now owns 524,487 shares of the communications equipment provider’s stock valued at $3,976,000 after buying an additional 431,337 shares in the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ERIC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a report on Monday, October 21st. StockNews.com cut shares of 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) Stock Performance

ERIC opened at $7.59 on Thursday. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The stock has a market cap of $25.29 billion, a P/E ratio of -253.00 and a beta of 0.79. The stock’s 50 day simple moving average is $8.21 and its 200 day simple moving average is $7.74. 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 (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) 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%. As a group, equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 EPS for the current fiscal year.

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.