Leuthold Group LLC Acquires Shares of 768,489 Nokia Oyj (NYSE:NOK)

Leuthold Group LLC acquired a new position in shares of Nokia Oyj (NYSE:NOK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 768,489 shares of the technology company’s stock, valued at approximately $3,404,000.

Other institutional investors have also modified their holdings of the company. Pzena Investment Management LLC grew its stake in Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock worth $396,735,000 after purchasing an additional 8,261,407 shares in the last quarter. FMR LLC grew its position in shares of Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock worth $133,273,000 after acquiring an additional 27,755,460 shares in the last quarter. TSP Capital Management Group LLC grew its position in shares of Nokia Oyj by 3.2% in the 4th quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company’s stock worth $10,069,000 after acquiring an additional 70,100 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in shares of Nokia Oyj by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company’s stock valued at $3,442,000 after acquiring an additional 12,034 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Nokia Oyj by 2,505.3% during the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock worth $3,191,000 after purchasing an additional 702,279 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

NOK has been the subject of several recent research reports. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. Craig Hallum boosted their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Monday, February 3rd. Finally, JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Stock Down 1.1 %

NOK stock opened at $4.94 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $4.44. The stock has a market cap of $26.91 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 6.38 and a beta of 1.06. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.06.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, sell-side analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Nokia Oyj Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.