Telefonaktiebolaget LM Ericsson (ERIC) Shares Bought by Aperio Group LLC

Aperio Group LLC grew its position in Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) by 7.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 879,911 shares of the communications equipment provider’s stock after buying an additional 58,409 shares during the quarter. Aperio Group LLC’s holdings in Telefonaktiebolaget LM Ericsson were worth $5,631,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can increased its position in Telefonaktiebolaget LM Ericsson by 18.4% during the 4th quarter. Bank of Montreal Can now owns 102,038 shares of the communications equipment provider’s stock worth $682,000 after purchasing an additional 15,847 shares in the last quarter. Eqis Capital Management Inc. increased its position in Telefonaktiebolaget LM Ericsson by 79.0% during the 4th quarter. Eqis Capital Management Inc. now owns 142,488 shares of the communications equipment provider’s stock worth $952,000 after purchasing an additional 62,864 shares in the last quarter. Keybank National Association OH purchased a new stake in Telefonaktiebolaget LM Ericsson during the 4th quarter worth about $100,000. The Manufacturers Life Insurance Company increased its position in Telefonaktiebolaget LM Ericsson by 934.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 418,147 shares of the communications equipment provider’s stock worth $2,794,000 after purchasing an additional 377,722 shares in the last quarter. Finally, Virtu Financial LLC increased its position in Telefonaktiebolaget LM Ericsson by 133.1% during the 4th quarter. Virtu Financial LLC now owns 86,328 shares of the communications equipment provider’s stock worth $577,000 after purchasing an additional 49,291 shares in the last quarter. Institutional investors and hedge funds own 8.70% of the company’s stock.

ERIC has been the topic of a number of research analyst reports. ValuEngine lowered Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research note on Tuesday, March 6th. Cowen raised Telefonaktiebolaget LM Ericsson from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $3.00 to $7.00 in a research note on Friday, April 20th. Canaccord Genuity reissued a “hold” rating and issued a $6.00 price target (down from $6.50) on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, February 1st. Finally, Charter Equity raised Telefonaktiebolaget LM Ericsson from a “market perform” rating to a “buy” rating in a research note on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. Telefonaktiebolaget LM Ericsson currently has a consensus rating of “Hold” and a consensus price target of $5.91.

Shares of NASDAQ:ERIC opened at $7.42 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.18 and a debt-to-equity ratio of 0.33. Telefonaktiebolaget LM Ericsson has a 12-month low of $5.52 and a 12-month high of $8.05. The stock has a market capitalization of $24.87 billion, a price-to-earnings ratio of -15.79 and a beta of 0.79.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last released its quarterly earnings data on Friday, April 20th. The communications equipment provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.04. The business had revenue of $43.40 billion for the quarter, compared to analyst estimates of $43.59 billion. Telefonaktiebolaget LM Ericsson had a negative return on equity of 4.58% and a negative net margin of 12.75%. The company’s revenue was down 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.42) EPS. sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.17 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

Institutional Ownership by Quarter for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

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