Sapient Capital LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 19,251 shares of the communications equipment provider’s stock, valued at approximately $121,000.
A number of other institutional investors have also made changes to their positions in ERIC. Planned Solutions Inc. acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth approximately $38,000. Dorsey & Whitney Trust CO LLC lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 31.2% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider’s stock valued at $65,000 after buying an additional 3,201 shares during the last quarter. 626 Financial LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $72,000. International Assets Investment Management LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth about $103,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth about $112,000. 7.99% of the stock is currently owned by institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.8 %
Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $5.26 on Thursday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.33 and a fifty-two week high of $6.36. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.30. The firm has a market cap of $17.52 billion, a price-to-earnings ratio of -7.51 and a beta of 0.76. The business has a fifty day simple moving average of $5.32 and a 200-day simple moving average of $5.40.
Analyst Ratings Changes
Read Our Latest Stock Report on ERIC
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.
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