Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock Holdings Reduced by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,611 shares of the communications equipment provider’s stock after selling 6,789 shares during the period. Advisors Asset Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,384,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Telefonaktiebolaget LM Ericsson (publ) by 131.2% during the second quarter. GAMMA Investing LLC now owns 5,464 shares of the communications equipment provider’s stock valued at $34,000 after acquiring an additional 3,101 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% during the 3rd quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock valued at $43,000 after purchasing an additional 3,924 shares in the last quarter. BOKF NA acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter valued at $41,000. Allspring Global Investments Holdings LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 37.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 9,029 shares of the communications equipment provider’s stock worth $56,000 after purchasing an additional 2,458 shares in the last quarter. Finally, Vest Financial LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the third quarter worth $77,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target 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. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.70.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.2 %

Shares of NASDAQ:ERIC opened at $8.16 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19. The stock’s 50-day moving average is $7.99 and its 200-day moving average is $7.03. The company has a market cap of $27.19 billion, a P/E ratio of -272.00 and a beta of 0.81. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.62.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. The firm had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.73 billion. Equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.44 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) 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.