SG Americas Securities LLC Increases Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

SG Americas Securities LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,746 shares of the communications equipment provider’s stock after purchasing an additional 16,168 shares during the quarter. SG Americas Securities LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,263,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after buying an additional 463,415 shares during the period. Two Sigma Advisers LP boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares during the period. Verition Fund Management LLC grew its position in Telefonaktiebolaget LM Ericsson (publ) by 6.9% during the 3rd quarter. Verition Fund Management LLC now owns 1,142,228 shares of the communications equipment provider’s stock worth $8,658,000 after acquiring an additional 73,320 shares during the last quarter. Gateway Investment Advisers LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the 3rd quarter. Gateway Investment Advisers LLC now owns 857,213 shares of the communications equipment provider’s stock worth $6,498,000 after purchasing an additional 226,672 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Telefonaktiebolaget LM Ericsson (publ) by 35.9% in the third quarter. Quantinno Capital Management LP now owns 579,054 shares of the communications equipment provider’s stock valued at $4,389,000 after purchasing an additional 153,084 shares during the last quarter. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC stock opened at $7.73 on Tuesday. The firm has a market capitalization of $25.76 billion, a price-to-earnings ratio of -257.67 and a beta of 0.79. The stock has a fifty day moving average of $8.23 and a 200 day moving average of $7.73. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.39.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 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, research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

ERIC has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday.

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.