Marks Group Wealth Management Inc Makes New $111,000 Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Marks Group Wealth Management Inc acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 13,732 shares of the communications equipment provider’s stock, valued at approximately $111,000.

Several other hedge funds have also recently modified their holdings of ERIC. Two Sigma Advisers LP grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares in the last quarter. FMR LLC boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the 3rd quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after purchasing an additional 463,415 shares during the last quarter. Natixis Advisors LLC grew its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 463.1% during the third quarter. Natixis Advisors LLC now owns 524,487 shares of the communications equipment provider’s stock valued at $3,976,000 after purchasing an additional 431,337 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth about $3,032,000. Finally, XTX Topco Ltd purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the third quarter worth about $2,800,000. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on ERIC. 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. raised their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a report on Monday, October 21st.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.2 %

Shares of NASDAQ ERIC opened at $7.83 on Thursday. The company has a current ratio of 1.17, a quick ratio of 0.96 and a debt-to-equity ratio of 0.34. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The firm’s 50-day moving average price is $8.10 and its 200-day moving average price is $7.81. The stock has a market capitalization of $26.09 billion, a price-to-earnings ratio of -783,000.00, a P/E/G ratio of 3.65 and a beta of 0.77.

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

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.