Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 20.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 334,701 shares of the communications equipment provider’s stock after acquiring an additional 56,532 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,844,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 1st quarter valued at approximately $36,000. Planned Solutions Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $38,000. NBC Securities Inc. increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 258.1% during the 1st quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 7,744 shares in the last quarter. Lake Street Advisors Group LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $64,000. Finally, Headlands Technologies LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 1st quarter valued at approximately $85,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ERIC shares. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the stock a “neutral” rating in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has an average rating of “Hold” and an average target price of $5.90.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.4 %

Shares of NASDAQ ERIC opened at $6.55 on Thursday. The firm has a fifty day moving average of $6.17 and a 200 day moving average of $5.71. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.90. Telefonaktiebolaget LM Ericsson has a one year low of $4.33 and a one year high of $6.81.

Telefonaktiebolaget LM Ericsson (publ) 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.