Sapient Capital LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 19,251 shares of the communications equipment provider’s stock, valued at approximately $121,000.
Other hedge funds have also modified their holdings of the company. Natixis Advisors L.P. raised its position in Telefonaktiebolaget LM Ericsson (publ) by 15.4% in the 4th quarter. Natixis Advisors L.P. now owns 89,110 shares of the communications equipment provider’s stock valued at $561,000 after buying an additional 11,909 shares during the last quarter. Intrust Bank NA boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 77.6% during the fourth quarter. Intrust Bank NA now owns 35,828 shares of the communications equipment provider’s stock worth $226,000 after purchasing an additional 15,658 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at $112,000. Institute for Wealth Management LLC. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 75.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 57,388 shares of the communications equipment provider’s stock valued at $362,000 after acquiring an additional 24,643 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 301.6% in the fourth quarter. Cerity Partners LLC now owns 41,886 shares of the communications equipment provider’s stock valued at $264,000 after acquiring an additional 31,456 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.
Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.8 %
ERIC stock opened at $5.26 on Thursday. The business’s fifty day moving average price is $5.32 and its two-hundred day moving average price is $5.40. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of -7.51 and a beta of 0.76. 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 debt-to-equity ratio of 0.30, a current ratio of 1.22 and a quick ratio of 0.94.
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Telefonaktiebolaget LM Ericsson (publ) Company Profile
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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