Quantum Capital Management continued to hold its position in shares of Ericsson (NASDAQ:ERIC) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,922 shares of the communications equipment provider’s stock at the close of the second quarter. Quantum Capital Management’s holdings in Ericsson were worth $121,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ERIC. Two Sigma Securities LLC acquired a new position in shares of Ericsson in the 1st quarter valued at $106,000. Mackenzie Financial Corp acquired a new position in shares of Ericsson in the 1st quarter valued at $109,000. GenTrust LLC acquired a new position in shares of Ericsson in the 2nd quarter valued at $120,000. Boyd Watterson Asset Management LLC OH lifted its stake in shares of Ericsson by 1.0% in the 2nd quarter. Boyd Watterson Asset Management LLC OH now owns 18,092 shares of the communications equipment provider’s stock valued at $130,000 after purchasing an additional 174 shares during the period. Finally, Ronald Blue & Co. LLC lifted its stake in shares of Ericsson by 7.0% in the 2nd quarter. Ronald Blue & Co. LLC now owns 19,716 shares of the communications equipment provider’s stock valued at $141,000 after purchasing an additional 1,283 shares during the period. 7.95% of the stock is currently owned by hedge funds and other institutional investors.

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ERIC has been the topic of a number of analyst reports. Zacks Investment Research downgraded Ericsson from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Citigroup Inc. initiated coverage on Ericsson in a research note on Thursday, June 8th. They issued a “buy” rating on the stock. Danske downgraded Ericsson from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub downgraded Ericsson from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Societe Generale initiated coverage on Ericsson in a research note on Wednesday, June 14th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.95.

Ericsson (ERIC) traded down 0.53% during mid-day trading on Friday, hitting $5.65. 3,755,196 shares of the company were exchanged. Ericsson has a 12-month low of $4.83 and a 12-month high of $7.47.

Ericsson (NASDAQ:ERIC) last released its earnings results on Tuesday, July 18th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.03). The firm had revenue of $49.90 billion during the quarter, compared to analyst estimates of $50.66 billion. Ericsson had a negative net margin of 6.40% and a negative return on equity of 3.16%. Ericsson’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS. On average, analysts forecast that Ericsson will post $0.23 earnings per share for the current year.

Ericsson Profile

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.

Institutional Ownership by Quarter for Ericsson (NASDAQ:ERIC)

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