Wrapmanager Inc. Purchases Shares of 20,706 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Wrapmanager Inc. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 20,706 shares of the communications equipment provider’s stock, valued at approximately $167,000.

Other institutional investors have also made changes to their positions in the company. Valeo Financial Advisors LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $81,000. Assetmark Inc. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% in the third 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 during the period. Alliance Wealth Advisors LLC UT bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $94,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth $100,000. Finally, Fulton Bank N.A. bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $102,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 4.5 %

ERIC stock opened at $8.30 on Wednesday. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. 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 company has a market cap of $27.66 billion, a PE ratio of -830,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.77. The business’s 50-day simple moving average is $8.03 and its 200 day simple moving average is $7.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) 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%. On average, research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Company 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.