Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Position Reduced by Waterloo Capital L.P.

Waterloo Capital L.P. lowered its stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 35.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 16,797 shares of the communications equipment provider’s stock after selling 9,239 shares during the period. Waterloo Capital L.P.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $135,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after purchasing an additional 2,840 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth approximately $77,000. Valeo Financial Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at approximately $81,000. Diametric Capital LP acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $85,000. Finally, Endowment Wealth Management Inc. bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $91,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Price Performance

ERIC opened at $6.77 on Wednesday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $7.90 and its 200 day moving average price is $8.04. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.77 and a fifty-two week high of $8.90. The firm has a market cap of $22.56 billion, a price-to-earnings ratio of -677,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 27th. Investors of record on Thursday, March 27th were issued a $0.1315 dividend. The ex-dividend date was Thursday, March 27th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is -1,700,000.00%.

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) 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.