Sanctuary Advisors LLC Decreases Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Sanctuary Advisors LLC lowered its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 8.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,643 shares of the communications equipment provider’s stock after selling 2,019 shares during the quarter. Sanctuary Advisors LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ERIC. Two Sigma Advisers LP lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock worth $15,402,000 after acquiring an additional 2,020,200 shares during the period. FMR LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after purchasing an additional 463,415 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 463.1% during the 3rd quarter. Natixis Advisors LLC now owns 524,487 shares of the communications equipment provider’s stock worth $3,976,000 after purchasing an additional 431,337 shares during the period. Paloma Partners Management Co purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth about $3,032,000. Finally, XTX Topco Ltd bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the third quarter valued at about $2,800,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered 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) Stock Performance

NASDAQ:ERIC opened at $8.63 on Thursday. The company has a market capitalization of $28.76 billion, a P/E ratio of -863,000.00, a P/E/G ratio of 3.89 and a beta of 0.77. The business has a fifty day simple moving average of $8.05 and a two-hundred day simple moving average of $7.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.77 and a 1 year high of $8.90.

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, analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 5th. Investors of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is presently -1,700,000.00%.

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.