Strategic Wealth Advisors Group LLC increased its holdings in shares of Nokia Oyj (NYSE:NOK) by 30.0% during the third quarter, Holdings Channel.com reports. The fund owned 52,076 shares of the technology company’s stock after purchasing an additional 12,021 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Nokia Oyj were worth $256,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in NOK. Nuveen Asset Management LLC bought a new position in Nokia Oyj during the second quarter worth about $150,436,000. Primecap Management Co. CA bought a new position in Nokia Oyj during the second quarter worth about $36,216,000. Advisors Capital Management LLC bought a new position in Nokia Oyj during the second quarter worth about $27,977,000. Bamco Inc. NY increased its position in Nokia Oyj by 36.0% during the second quarter. Bamco Inc. NY now owns 14,556,093 shares of the technology company’s stock worth $72,926,000 after acquiring an additional 3,853,141 shares during the period. Finally, Russell Investments Group Ltd. increased its position in Nokia Oyj by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 17,464,016 shares of the technology company’s stock worth $87,493,000 after acquiring an additional 2,139,116 shares during the period. 7.49% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently commented on the stock. Credit Suisse Group lowered shares of Nokia Oyj from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 29th. MKM Partners lowered their price target on shares of Nokia Oyj from $7.50 to $5.50 and set a “buy” rating on the stock in a research report on Friday, October 25th. Barclays lowered shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 price target on the stock. in a research report on Friday, October 25th. DZ Bank lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating and set a $3.90 price target on the stock. in a research report on Friday, October 25th. Finally, Raymond James lowered shares of Nokia Oyj from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $7.50 to $5.00 in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $5.20.
Nokia Oyj stock remained flat at $$3.57 during trading hours on Friday. 20,813,784 shares of the company’s stock were exchanged, compared to its average volume of 25,559,217. The company has a market cap of $19.82 billion, a P/E ratio of 13.22 and a beta of 0.25. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.05 and a current ratio of 1.34. Nokia Oyj has a 12-month low of $3.50 and a 12-month high of $6.65. The stock has a fifty day moving average price of $4.60 and a 200 day moving average price of $5.01.
Nokia Oyj (NYSE:NOK) last announced its quarterly earnings data on Thursday, October 24th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The firm had revenue of $5.69 billion for the quarter, compared to analyst estimates of $5.59 billion. Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, sell-side analysts predict that Nokia Oyj will post 0.22 earnings per share for the current year.
Nokia Oyj Company Profile
Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals, including public safety and Internet of Things (IoT).
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