28,124 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Bought by Kathmere Capital Management LLC

Kathmere Capital Management LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,124 shares of the communications equipment provider’s stock, valued at approximately $227,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ERIC. Hexagon Capital Partners LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% in the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock valued at $43,000 after buying an additional 3,924 shares in the last quarter. Vest Financial LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the third quarter valued at approximately $77,000. GAMMA Investing LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the third quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock valued at $80,000 after purchasing an additional 5,070 shares during the period. Assetmark Inc. lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock worth $94,000 after purchasing an additional 11,708 shares in the last quarter. Finally, Choreo LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at $78,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on ERIC. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a research report on Monday, October 21st.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.9 %

Shares of NASDAQ:ERIC opened at $8.46 on Friday. The firm has a market cap of $28.19 billion, a PE ratio of -282.00 and a beta of 0.79. The company has a fifty day simple moving average of $8.17 and a 200 day simple moving average of $7.61. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.62.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings data on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.02. The company had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.73 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. On average, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.43 EPS for the current fiscal 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.