Henry James International Management Inc. Decreases Stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Henry James International Management Inc. cut its stake in shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 1.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 302,572 shares of the communications equipment provider’s stock after selling 3,123 shares during the quarter. Henry James International Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,906,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Sapient Capital LLC purchased a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $121,000. Natixis Advisors L.P. raised its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 15.4% during the 4th quarter. Natixis Advisors L.P. now owns 89,110 shares of the communications equipment provider’s stock worth $561,000 after purchasing an additional 11,909 shares during the last quarter. Intrust Bank NA lifted its stake in Telefonaktiebolaget LM Ericsson (publ) by 77.6% in the 4th quarter. Intrust Bank NA now owns 35,828 shares of the communications equipment provider’s stock valued at $226,000 after buying an additional 15,658 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter valued at about $112,000. Finally, Institute for Wealth Management LLC. boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 75.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 57,388 shares of the communications equipment provider’s stock worth $362,000 after buying an additional 24,643 shares during the last quarter. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 1.2 %

NASDAQ:ERIC traded up $0.06 during trading hours on Friday, hitting $5.21. The company had a trading volume of 13,622,112 shares, compared to its average volume of 21,364,584. Telefonaktiebolaget LM Ericsson has a 1 year low of $4.33 and a 1 year high of $6.36. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $5.33 and a 200 day moving average of $5.39. The company has a market cap of $17.35 billion, a P/E ratio of -7.44 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ERIC. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. UBS Group lowered Telefonaktiebolaget LM Ericsson (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, January 31st. TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “d+” rating to a “c-” rating in a research report on Tuesday, January 9th. Barclays downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating for the company in a research note on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Telefonaktiebolaget LM Ericsson (publ) has an average rating of “Hold” and an average target price of $5.58.

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.