Henry James International Management Inc. Has $1.91 Million Stock Position in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Henry James International Management Inc. lessened its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,572 shares of the communications equipment provider’s stock after selling 3,123 shares during the period. Henry James International Management Inc.’s holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $1,906,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in ERIC. Planned Solutions Inc. bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $38,000. 626 Financial LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth about $72,000. Dorsey & Whitney Trust CO LLC boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 31.2% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider’s stock valued at $65,000 after acquiring an additional 3,201 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $103,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at approximately $112,000. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 1.2 %

Shares of NASDAQ:ERIC traded up $0.06 on Friday, reaching $5.21. 13,622,112 shares of the company traded hands, compared to its average volume of 21,364,584. The stock has a market capitalization of $17.35 billion, a P/E ratio of -7.44 and a beta of 0.76. The business’s 50-day simple moving average is $5.33 and its 200 day simple moving average is $5.39. The company has a current ratio of 1.22, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.33 and a 52 week high of $6.36.

Wall Street Analyst Weigh In

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

About Telefonaktiebolaget LM Ericsson (publ)

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.