Trexquant Investment LP Invests $8.75 Million in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Trexquant Investment LP acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,085,132 shares of the communications equipment provider’s stock, valued at approximately $8,746,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 55.0% during the fourth quarter. Sei Investments Co. now owns 4,808,322 shares of the communications equipment provider’s stock valued at $38,755,000 after buying an additional 1,705,246 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $23,440,000. FMR LLC raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% in the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock worth $18,287,000 after purchasing an additional 463,415 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after purchasing an additional 2,020,200 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 55.1% during the fourth quarter. JPMorgan Chase & Co. now owns 1,795,967 shares of the communications equipment provider’s stock valued at $14,475,000 after buying an additional 638,393 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 4.0 %

Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $7.48 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. Telefonaktiebolaget LM Ericsson has a twelve month low of $4.77 and a twelve month high of $8.90. The company has a market cap of $24.93 billion, a price-to-earnings ratio of -748,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.81. The company’s 50 day moving average is $7.97 and its 200 day moving average is $8.06.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share 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%. Research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 27th. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1315 per share. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s payout ratio is currently -1,700,000.00%.

Analyst Ratings Changes

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

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.