Bokf Na Acquires New Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Bokf Na bought a new position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the second quarter, Holdings Channel reports. The institutional investor bought 6,656 shares of the communications equipment provider’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ERIC. Choreo LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter worth approximately $78,000. Koss Olinger Consulting LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the second quarter valued at $1,221,000. Caprock Group LLC boosted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 14.7% during the second quarter. Caprock Group LLC now owns 68,230 shares of the communications equipment provider’s stock valued at $421,000 after acquiring an additional 8,731 shares during the period. Acadian Asset Management LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the second quarter worth about $11,869,000. Finally, Lake Street Advisors Group LLC increased its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 49.0% in the 2nd quarter. Lake Street Advisors Group LLC now owns 15,341 shares of the communications equipment provider’s stock worth $95,000 after acquiring an additional 5,047 shares during the period. 7.99% of the stock is currently owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 0.1 %

NASDAQ:ERIC opened at $7.36 on Wednesday. The stock has a market cap of $24.53 billion, a price-to-earnings ratio of -7.43 and a beta of 0.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.90 and a current ratio of 1.14. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.33 and a 1 year high of $7.48. The business has a fifty day moving average of $6.98 and a 200-day moving average of $6.11.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last announced its earnings results on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.04). The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.29 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 14.13% and a positive return on equity of 11.39%. Equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Telefonaktiebolaget LM Ericsson (publ) currently has a consensus rating of “Hold” and a consensus target price of $5.90.

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.