Assetmark Inc. Has $94,000 Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Assetmark Inc. boosted its position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 1,737.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,382 shares of the communications equipment provider’s stock after buying an additional 11,708 shares during the period. Assetmark Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $94,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of 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 purchasing an additional 3,101 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the first quarter worth about $36,000. BOKF NA bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth about $41,000. Hexagon Capital Partners LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 225.5% during the third quarter. Hexagon Capital Partners LLC now owns 5,664 shares of the communications equipment provider’s stock worth $43,000 after acquiring an additional 3,924 shares in the last quarter. Finally, Williams & Novak LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth about $76,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analyst Weigh In

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

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.4 %

Shares of ERIC stock opened at $7.97 on Monday. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.62. 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 company has a 50-day simple moving average of $7.89 and a two-hundred day simple moving average of $6.91. The company has a market capitalization of $26.56 billion, a price-to-earnings ratio of -265.67 and a beta of 0.81.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data on Tuesday, October 15th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. The business had revenue of $5.93 billion during the quarter, compared to the consensus estimate of $5.73 billion. Research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.44 EPS for the current fiscal 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.