Stoneridge Investment Partners LLC decreased its holdings in Nokia Oyj (NYSE:NOK) by 29.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,847 shares of the technology company’s stock after selling 74,406 shares during the quarter. Stoneridge Investment Partners LLC’s holdings in Nokia Oyj were worth $1,058,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of the business. Selz Capital LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at about $6,402,000. Greylin Investment Mangement Inc. purchased a new stake in Nokia Oyj in the 4th quarter worth approximately $259,000. Weybosset Research & Management LLC purchased a new stake in Nokia Oyj in the 4th quarter worth approximately $66,000. Baird Financial Group Inc. purchased a new stake in Nokia Oyj in the 3rd quarter worth approximately $445,000. Finally, Kirr Marbach & Co. LLC IN purchased a new stake in Nokia Oyj in the 4th quarter worth approximately $7,142,000. 6.59% of the stock is owned by institutional investors and hedge funds.
NOK stock opened at $6.21 on Tuesday. Nokia Oyj has a 1-year low of $5.07 and a 1-year high of $6.65. The company has a quick ratio of 1.07, a current ratio of 1.29 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $35.00 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.39.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, January 31st. The technology company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. The business had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.61 billion. On average, sell-side analysts expect that Nokia Oyj will post 0.3 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised shares of Nokia Oyj from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $5.00 to $7.50 in a report on Thursday, January 3rd. Zacks Investment Research lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a report on Friday, November 30th. DNB Markets raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Canaccord Genuity upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 26th. Finally, ValuEngine upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, December 11th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Nokia Oyj has an average rating of “Hold” and a consensus price target of $6.81.
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Nokia Oyj Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.
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