422,236 Shares in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Acquired by Leuthold Group LLC

Leuthold Group LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 422,236 shares of the communications equipment provider’s stock, valued at approximately $3,403,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ERIC. Valeo Financial Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth $81,000. Assetmark Inc. grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 1,737.1% during the 3rd 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. Alliance Wealth Advisors LLC UT purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $94,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 3rd quarter worth approximately $100,000. Finally, Fulton Bank N.A. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $102,000. 7.99% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.2 %

NASDAQ:ERIC opened at $7.91 on Friday. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The business has a fifty day moving average price of $8.03 and a 200-day moving average price of $7.86. The firm has a market capitalization of $26.36 billion, a price-to-earnings ratio of -791,000.00, a price-to-earnings-growth ratio of 3.82 and a beta of 0.77. 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 issued 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 return on equity of 13.70% and a net margin of 0.06%. Sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current 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.