Baron Wealth Management LLC Takes Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Baron Wealth Management LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,162 shares of the communications equipment provider’s stock, valued at approximately $122,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Two Sigma Advisers LP raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% in the 3rd quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at $3,027,000. Millennium Management LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth $2,896,000. FMR LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after buying an additional 463,415 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 463.1% in the 3rd quarter. Natixis Advisors LLC now owns 524,487 shares of the communications equipment provider’s stock valued at $3,976,000 after buying an additional 431,337 shares during the period. Institutional investors own 7.99% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ERIC shares. StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. lifted their price objective on 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) Stock Performance

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.59 on Thursday. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $8.21 and a two-hundred day moving average of $7.74.

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 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%. As a group, equities research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current year.

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.