Five Oceans Advisors Sells 5,561 Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Five Oceans Advisors lessened its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 20.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,739 shares of the communications equipment provider’s stock after selling 5,561 shares during the quarter. Five Oceans Advisors’ holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $175,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in ERIC. Diversified Trust Co raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the fourth quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock valued at $2,772,000 after buying an additional 140,116 shares during the last quarter. Sanctuary Advisors LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after acquiring an additional 10,530 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock valued at $3,638,000 after acquiring an additional 239,651 shares during the last quarter. US Bancorp DE lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the 3rd quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock worth $1,374,000 after purchasing an additional 146,141 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at about $3,032,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of NASDAQ:ERIC opened at $7.49 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.77 and a 52 week high of $8.90. The firm has a fifty day simple moving average of $8.18 and a two-hundred day simple moving average of $7.75. The stock has a market capitalization of $24.96 billion, a P/E ratio of -749,000.00, a PEG ratio of 3.69 and a beta of 0.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (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%. On average, analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. upped their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock 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.