Hotchkis & Wiley Capital Management Reduces $120M in Telefonaktiebolaget LM Ericsson (publ) ($ERIC)
Key Points
- Hotchkis & Wiley Capital Management changed its Telefonaktiebolaget LM Ericsson (publ) ($ERIC) stake by 10.71% last quarter, cutting to 82,262,127 shares worth $998.66 million.
- Wall Street's consensus rating on $ERIC is Underperform and an average price target of $9.67.
- $ERIC last traded around $12.14.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Hotchkis & Wiley Capital Management reduced its position in Telefonaktiebolaget LM Ericsson (publ) ($ERIC) by 10.71% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,262,127 shares of Telefonaktiebolaget LM Ericsson (publ) after selling 9,870,478 shares during the quarter. Hotchkis & Wiley Capital Management's holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $998.66 million as of its most recent filing.
Telefonaktiebolaget LM Ericsson (publ) Stock Up 22.0%
Shares of Telefonaktiebolaget LM Ericsson (publ) ($ERIC) traded around $12.14 on Saturday, up 22.0% for the day.
Telefonaktiebolaget LM Ericsson (publ) Earnings
Telefonaktiebolaget LM Ericsson (publ) Dividend
Analysts Set New Price Targets
About Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions to communications service providers, enterprises, and the public sector in the Americas, Europe, the Middle East, Africa, Northeast Asia, Southeast Asia, Oceania, and India. It operates through Networks; Cloud Software and Services; Enterprise; and Other segments. The Networks segment offers hardware, software, and service offerings for intelligent, reliable and flexible 5G networks. This segment also provides energy-efficient RAN with an AI-native software architecture deployable on Ericsson silicon and third-party CPUs/GPUs; transport networks; and active/ passive antennas, as well as deployment and lifecycle management services. The Cloud Software and Services segment provides core networks, network management, business and operations support systems, and network operations delivered as managed services, including secure data and voice connectivity, service monetization and orchestration tools, and network management services. The Enterprise segment offers intelligent networking and advanced communications software solutions comprising global communications platform, wireless wide area networks (WWAN), and private 5G networks. The Other segment includes RedBee Media that prepares and distributes live and on-demand video services for broadcasters, sports leagues, and communications service providers. The company has a strategic collaboration with T-Mobile US, Inc for the development of AI-native Scheduler with Link Adaptation software. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
Get Telefonaktiebolaget LM Ericsson (publ) alerts
New 13F filings, insider trades, and analyst moves on $ERIC, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.