Callan Capital LLC Boosts Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Callan Capital LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,645 shares of the communications equipment provider’s stock after purchasing an additional 3,821 shares during the quarter. Callan Capital LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $457,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. First Affirmative Financial Network increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock valued at $324,000 after purchasing an additional 1,798 shares in the last quarter. D.A. Davidson & CO. increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 5.7% during the 3rd quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock valued at $264,000 after purchasing an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after purchasing an additional 2,172 shares in the last quarter. Pitcairn Co. increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the 3rd quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock valued at $135,000 after purchasing an additional 2,279 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 11.1% during the 3rd quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider’s stock valued at $229,000 after purchasing an additional 3,026 shares in the last quarter. Institutional investors and hedge funds own 7.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 24th.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.2 %

NASDAQ:ERIC opened at $7.91 on Friday. The firm has a market capitalization of $26.36 billion, a P/E ratio of -791,000.00, a PEG ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.90. The company’s fifty day moving average price is $8.03 and its 200-day moving average price is $7.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.17 and a quick ratio of 0.96.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released 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 return on equity of 13.70% and a net margin of 0.06%. As a group, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS 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.