Baldwin Wealth Partners LLC MA Has $418,000 Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Baldwin Wealth Partners LLC MA raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 187.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 51,916 shares of the communications equipment provider’s stock after purchasing an additional 33,865 shares during the quarter. Baldwin Wealth Partners LLC MA’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $418,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ERIC. Hexagon Capital Partners LLC grew its position in 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 buying an additional 3,924 shares in the last quarter. Vest Financial LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth approximately $77,000. GAMMA Investing LLC grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 92.8% during the 3rd quarter. GAMMA Investing LLC now owns 10,534 shares of the communications equipment provider’s stock worth $80,000 after purchasing an additional 5,070 shares in the last quarter. Assetmark Inc. increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the third quarter. Assetmark Inc. now owns 12,382 shares of the communications equipment provider’s stock valued at $94,000 after purchasing an additional 11,708 shares during the period. Finally, Fulton Bank N.A. acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at $102,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 4.5 %

Shares of ERIC stock opened at $7.97 on Monday. The company has a market capitalization of $26.54 billion, a P/E ratio of -264.83 and a beta of 0.79. The firm has a 50-day moving average price of $8.23 and a 200 day moving average price of $7.73. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.39. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released 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 positive return on equity of 13.31% and a negative net margin of 0.47%. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

ERIC has been the topic of several analyst reports. StockNews.com lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday. 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.

About Telefonaktiebolaget LM Ericsson (publ)

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.