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

Leuthold Group LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 422,236 shares of the communications equipment provider’s stock, valued at approximately $3,403,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Affirmative Financial Network grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 4.7% in the 4th quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 1,798 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 5.7% in the third quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock worth $264,000 after acquiring an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 8.3% in the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock worth $228,000 after acquiring an additional 2,172 shares during the last quarter. Pitcairn Co. increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the third quarter. Pitcairn Co. now owns 17,806 shares of the communications equipment provider’s stock valued at $135,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 11.1% in the 3rd quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider’s stock worth $229,000 after purchasing an additional 3,026 shares during the last quarter. Institutional investors own 7.99% of the company’s stock.

Analyst Ratings Changes

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

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC opened at $7.91 on Friday. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a market capitalization of $26.36 billion, a P/E ratio of -791,000.00, a price-to-earnings-growth ratio of 3.82 and a beta of 0.77. The firm has a 50 day moving average of $8.03 and a 200 day moving average of $7.86. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its 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%. As a group, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share 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.