Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Shares Sold by Atria Investments LLC

Atria Investments LLC cut its holdings in Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) by 7.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,240 shares of the communications equipment provider’s stock after selling 3,810 shares during the quarter. Atria Investments LLC’s holdings in Telefonaktiebolaget LM Ericsson were worth $405,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of Telefonaktiebolaget LM Ericsson by 108.6% during the second quarter. Royal Bank of Canada now owns 311,358 shares of the communications equipment provider’s stock valued at $2,959,000 after buying an additional 162,081 shares during the period. UBS Group AG lifted its stake in shares of Telefonaktiebolaget LM Ericsson by 1.5% during the second quarter. UBS Group AG now owns 1,720,464 shares of the communications equipment provider’s stock valued at $16,344,000 after buying an additional 25,402 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Telefonaktiebolaget LM Ericsson by 45.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 26,954 shares of the communications equipment provider’s stock valued at $256,000 after buying an additional 8,370 shares during the period. Eaton Vance Management purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the second quarter valued at approximately $149,000. Finally, OneAscent Financial Services LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the second quarter valued at approximately $229,000. Institutional investors and hedge funds own 8.19% of the company’s stock.

NASDAQ:ERIC opened at $8.44 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.42 and a debt-to-equity ratio of 0.48. The company has a market cap of $27.89 billion, a P/E ratio of 281.33 and a beta of 0.54. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $7.58 and a fifty-two week high of $10.46. The firm’s 50 day moving average is $8.02 and its two-hundred day moving average is $9.06.



Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last posted its quarterly earnings results on Wednesday, July 17th. The communications equipment provider reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $54.80 billion for the quarter, compared to analysts’ expectations of $53.25 billion. Telefonaktiebolaget LM Ericsson had a return on equity of 6.37% and a net margin of 0.16%. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.09) EPS. Research analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.37 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on ERIC shares. BidaskClub raised shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a research note on Thursday. Canaccord Genuity raised shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Tuesday, October 1st. DZ Bank raised shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Friday, September 20th. TheStreet downgraded shares of Telefonaktiebolaget LM Ericsson from a “b” rating to a “c” rating in a research note on Monday, August 19th. Finally, Cowen reissued a “hold” rating and set a $9.00 price objective on shares of Telefonaktiebolaget LM Ericsson in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $10.07.

About Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

Recommended Story: What is an Initial Coin Offering (ICO)?

Institutional Ownership by Quarter for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Receive News & Ratings for Telefonaktiebolaget LM Ericsson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonaktiebolaget LM Ericsson and related companies with MarketBeat.com's FREE daily email newsletter.