Investors Buy High Volume of Telefonaktiebolaget LM Ericsson (publ) Call Options (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) saw some unusual options trading activity on Monday. Traders acquired 4,293 call options on the stock. This is an increase of 248% compared to the typical volume of 1,233 call options.

Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)

Institutional investors have recently bought and sold shares of the stock. Diversified Trust Co boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 68.7% during the 4th quarter. Diversified Trust Co now owns 343,965 shares of the communications equipment provider’s stock valued at $2,772,000 after acquiring an additional 140,116 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 80.2% during the third quarter. Sanctuary Advisors LLC now owns 23,662 shares of the communications equipment provider’s stock valued at $193,000 after purchasing an additional 10,530 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 479,894 shares of the communications equipment provider’s stock worth $3,638,000 after purchasing an additional 239,651 shares during the last quarter. US Bancorp DE increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 415.6% in the 3rd quarter. US Bancorp DE now owns 181,305 shares of the communications equipment provider’s stock worth $1,374,000 after buying an additional 146,141 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at about $3,032,000. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 0.4 %

Shares of NASDAQ ERIC opened at $7.70 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The firm’s 50-day moving average price is $8.22 and its 200-day moving average price is $7.74. The stock has a market capitalization of $25.66 billion, a price-to-earnings ratio of -256.67 and a beta of 0.79.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its quarterly earnings data on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%. On average, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on ERIC. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a report on Friday, January 24th. JPMorgan Chase & Co. increased their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a “neutral” rating in a research report on Monday, October 21st.

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.