Vest Financial LLC Increases Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Vest Financial LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 31.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,464 shares of the communications equipment provider’s stock after purchasing an additional 3,248 shares during the quarter. Vest Financial LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $109,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the 3rd quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 5,070 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth about $81,000. Assetmark Inc. boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the 3rd quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after acquiring an additional 11,708 shares in the last quarter. Alliance Wealth Advisors LLC UT bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $94,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter worth approximately $100,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC opened at $7.57 on Monday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The firm’s 50-day simple moving average is $8.12 and its two-hundred day simple moving average is $7.79. The stock has a market cap of $25.23 billion, a PE ratio of -757,000.00, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) 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 return on equity of 13.70% and a net margin of 0.06%. Analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ERIC. JPMorgan Chase & Co. lifted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research report on Monday, October 21st. StockNews.com lowered Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th.

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.