International Private Wealth Advisors LLC Buys Shares of 13,364 Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

International Private Wealth Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 13,364 shares of the communications equipment provider’s stock, valued at approximately $108,000.

Other hedge funds have also made changes to their positions in the company. XY Capital Ltd bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $200,000. Savant Capital LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 53.0% in the 4th quarter. Savant Capital LLC now owns 17,575 shares of the communications equipment provider’s stock valued at $142,000 after purchasing an additional 6,090 shares in the last quarter. D Orazio & Associates Inc. bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $187,000. Vest Financial LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 31.8% in the fourth quarter. Vest Financial LLC now owns 13,464 shares of the communications equipment provider’s stock worth $109,000 after purchasing an additional 3,248 shares in the last quarter. Finally, Choreo LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17.9% in the fourth quarter. Choreo LLC now owns 24,459 shares of the communications equipment provider’s stock valued at $198,000 after buying an additional 3,708 shares during the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 1.1 %

Shares of NASDAQ ERIC opened at $7.65 on Tuesday. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The company has a market cap of $25.49 billion, a price-to-earnings ratio of -765,000.00, a price-to-earnings-growth ratio of 3.65 and a beta of 0.77. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $8.12 and its 200 day simple moving average is $7.80.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ERIC shares. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th. JPMorgan Chase & Co. lifted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a report on Monday, October 21st.

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.