Eqis Capital Management Has Boosted By $339,980 Its Ericsson (ERIC) Holding; Affiliated Managers Group (AMG) Has 0.91 Sentiment

Affiliated Managers Group, Inc., through its affiliates, operates as an asset management firm providing investment management services to mutual funds, institutional clients, and high net worth individuals in the United States. The company has market cap of $10.25 billion. It provides advisory or subadvisory services to mutual funds. It has a 15.64 P/E ratio. These funds are distributed to retail and institutional clients directly and through intermediaries, including independent investment advisors, retirement plan sponsors, broker-dealers, major fund marketplaces, and bank trust departments.

Eqis Capital Management Inc increased Ericsson (ERIC) stake by 584.76% reported in 2017Q3 SEC filing. Eqis Capital Management Inc acquired 67,996 shares as Ericsson (ERIC)’s stock rose 10.57%. The Eqis Capital Management Inc holds 79,624 shares with $458,000 value, up from 11,628 last quarter. Ericsson now has $22.25 billion valuation. The stock increased 2.74% or $0.18 during the last trading session, reaching $6.74. About 2.45 million shares traded. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has declined 12.25% since March 6, 2017 and is downtrending. It has underperformed by 28.95% the S&P500.

Among 19 analysts covering Ericsson (NASDAQ:ERIC), 4 have Buy rating, 4 Sell and 11 Hold. Therefore 21% are positive. Ericsson has $80 highest and $5.25 lowest target. $21’s average target is 211.57% above currents $6.74 stock price. Ericsson had 40 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Wells Fargo given on Friday, March 11. The stock of Telefonaktiebolaget LM Ericsson (NASDAQ:publ) has “Hold” rating given on Thursday, November 9 by Citigroup. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, November 11. The company was downgraded on Thursday, January 21 by Goldman Sachs. As per Tuesday, April 12, the company rating was initiated by CLSA. On Tuesday, July 18 the stock rating was maintained by J.P. Morgan with “Hold”. Bank of America downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:publ) on Monday, February 5 to “Underperform” rating. The firm has “Hold” rating by Wells Fargo given on Tuesday, July 18. The stock of Telefonaktiebolaget LM Ericsson (NASDAQ:publ) earned “Sell” rating by Goldman Sachs on Thursday, January 19. The company was upgraded on Monday, September 26 by Credit Suisse.

Eqis Capital Management Inc decreased Genworth Finl Inc (NYSE:GNW) stake by 135,124 shares to 2.87 million valued at $11.03M in 2017Q3. It also reduced Spdr Barclays Capital Investment Grade F (FLRN) stake by 12,671 shares and now owns 62,631 shares. Frontline Ltd Ord (NYSE:FRO) was reduced too.

Bruni J V & Co Co holds 8.11% of its portfolio in Affiliated Managers Group, Inc. for 224,117 shares. Edgepoint Investment Group Inc. owns 1.92 million shares or 5.44% of their US portfolio. Moreover, Barr E S & Co has 3.08% invested in the company for 152,370 shares. The New York-based Lyrical Asset Management Lp has invested 2.79% in the stock. Sirios Capital Management L P, a Massachusetts-based fund reported 227,770 shares.