Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,085 shares of the communications equipment provider’s stock after purchasing an additional 1,339 shares during the period. SG Americas Securities LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of ERIC. Minot DeBlois Advisors LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $35,000. GeoWealth Management LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $36,000. Smartleaf Asset Management LLC lifted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $77,000. Finally, Valeo Financial Advisors LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $81,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Kepler Capital Markets upgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 16th. Wall Street Zen upgraded Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ ERIC opened at $8.46 on Tuesday. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.79 and a twelve month high of $9.00. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $28.33 billion, a price-to-earnings ratio of -846,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.94. The business has a 50 day simple moving average of $8.30 and a 200-day simple moving average of $8.13.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings data on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. The business had revenue of $5.68 billion during the quarter, compared to analyst estimates of $55.83 billion. As a group, equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

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.