111,255 Shares in Telefonaktiebolaget LM Ericsson (ERIC) Obtained by Roosevelt Investment Group Inc.

111,255 Shares in Telefonaktiebolaget LM Ericsson (ERIC) Obtained by Roosevelt Investment Group Inc.

Roosevelt Investment Group Inc. acquired a new position in Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 111,255 shares of the communications equipment provider’s stock, valued at approximately $987,000.

A number of other hedge funds have also bought and sold shares of the business. Advisors Asset Management Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $42,000. Atlas Capital Advisors LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $152,000. HRT Financial LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the 3rd quarter valued at $186,000. Lenox Wealth Management Inc. lifted its position in shares of Telefonaktiebolaget LM Ericsson by 7,208.4% during the 3rd quarter. Lenox Wealth Management Inc. now owns 21,706 shares of the communications equipment provider’s stock valued at $191,000 after buying an additional 21,409 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 3rd quarter valued at $196,000. 7.88% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ ERIC opened at $9.03 on Tuesday. The stock has a market capitalization of $30.11 billion, a price-to-earnings ratio of 301.00, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.19 and a current ratio of 1.45. Telefonaktiebolaget LM Ericsson has a twelve month low of $6.00 and a twelve month high of $9.45.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last announced its earnings results on Friday, January 25th. The communications equipment provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.22). The business had revenue of $63.80 billion during the quarter, compared to the consensus estimate of $61.50 billion. Telefonaktiebolaget LM Ericsson had a positive return on equity of 1.29% and a negative net margin of 2.91%. Telefonaktiebolaget LM Ericsson’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.19) earnings per share. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.36 EPS for the current fiscal year.

A number of analysts recently issued reports on the company. BidaskClub upgraded Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. BMO Capital Markets restated a “hold” rating on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, October 18th. Argus upgraded Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. ValuEngine upgraded Telefonaktiebolaget LM Ericsson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th. Finally, Raymond James upgraded Telefonaktiebolaget LM Ericsson from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 20th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $8.54.

Telefonaktiebolaget LM Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

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