HighTower Advisors LLC Increases Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

HighTower Advisors LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 11.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 115,728 shares of the communications equipment provider’s stock after purchasing an additional 12,294 shares during the period. HighTower Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $933,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the 4th quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock valued at $2,772,000 after purchasing an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 10,530 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% during the third quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock valued at $3,638,000 after buying an additional 239,651 shares during the last quarter. Paloma Partners Management Co purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at $3,032,000. Finally, Verition Fund Management LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 6.9% in 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 buying an additional 73,320 shares in the last quarter. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 3.9 %

ERIC opened at $7.86 on Friday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The stock has a market cap of $26.19 billion, a price-to-earnings ratio of -786,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The firm’s fifty day moving average is $8.06 and its 200 day moving average is $8.04.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly 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 return on equity of 13.70% and a net margin of 0.06%. On average, sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is presently -1,700,000.00%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research 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.