Shilanski & Associates Inc. Takes $250,000 Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Shilanski & Associates Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 31,054 shares of the communications equipment provider’s stock, valued at approximately $250,000.

A number of other hedge funds have also added to or reduced their stakes in ERIC. Diversified Trust Co increased its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 68.7% in 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 boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 80.2% in the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after buying an additional 10,530 shares in the last quarter. BNP Paribas Financial Markets grew its position in Telefonaktiebolaget LM Ericsson (publ) by 99.8% in 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 acquiring an additional 239,651 shares during the last quarter. US Bancorp DE raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% during the third quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock worth $1,374,000 after acquiring an additional 146,141 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth about $3,032,000. 7.99% of the stock is owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.7 %

Shares of NASDAQ ERIC opened at $8.90 on Friday. The firm has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $7.69. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. Analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

ERIC has been the subject of several research analyst reports. JPMorgan Chase & Co. upped 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 upgraded Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th.

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.