Callan Capital LLC Increases Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Callan Capital LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 7.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,645 shares of the communications equipment provider’s stock after buying an additional 3,821 shares during the period. Callan Capital LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $457,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 4.7% during the fourth 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 in the last quarter. D.A. Davidson & CO. boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 5.7% during the third quarter. D.A. Davidson & CO. now owns 34,866 shares of the communications equipment provider’s stock worth $264,000 after buying an additional 1,866 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the fourth quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock worth $228,000 after buying an additional 2,172 shares in the last quarter. Pitcairn Co. boosted its holdings in 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 worth $135,000 after buying an additional 2,279 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 11.1% during the third quarter. Tidal Investments LLC now owns 30,197 shares of the communications equipment provider’s stock worth $229,000 after buying an additional 3,026 shares in the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

ERIC opened at $7.91 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.36 billion, a price-to-earnings ratio of -791,000.00, a PEG ratio of 3.89 and a beta of 0.77. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.90. The firm’s fifty day simple moving average is $8.03 and its two-hundred day simple moving average is $7.87.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last posted its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.