Marshall Wace LLP Grows Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Marshall Wace LLP increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 39.3% in the second quarter, HoldingsChannel.com reports. The firm owned 1,898,019 shares of the communications equipment provider’s stock after acquiring an additional 535,933 shares during the quarter. Marshall Wace LLP’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $11,711,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.2% during the 2nd quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider’s stock worth $34,000 after buying an additional 3,101 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the first quarter worth approximately $36,000. BOKF NA purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth approximately $41,000. NBC Securities Inc. increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 258.1% in the first quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 7,744 shares during the last quarter. Finally, Lake Street Advisors Group LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $64,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.9 %

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.70 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.90 and a current ratio of 1.14. The company has a market capitalization of $25.66 billion, a P/E ratio of -7.78 and a beta of 0.83. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.33 and a 1 year high of $7.83. The company’s fifty day moving average is $7.15 and its two-hundred day moving average is $6.21.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.39% and a negative net margin of 14.13%. Analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a “neutral” rating in a research report on Monday, July 15th. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has a consensus rating of “Hold” and a consensus price target of $5.90.

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.