National Asset Management Inc. lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 48.3% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 88,966 shares of the technology company’s stock after acquiring an additional 28,993 shares during the period. National Asset Management Inc.’s holdings in Nokia Oyj were worth $510,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Creative Planning grew its stake in shares of Nokia Oyj by 2.5% during the fourth quarter. Creative Planning now owns 79,848 shares of the technology company’s stock worth $465,000 after acquiring an additional 1,917 shares during the last quarter. Keybank National Association OH grew its stake in shares of Nokia Oyj by 5.8% during the fourth quarter. Keybank National Association OH now owns 42,333 shares of the technology company’s stock worth $246,000 after acquiring an additional 2,326 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Nokia Oyj by 6.0% during the first quarter. Quadrant Capital Group LLC now owns 42,560 shares of the technology company’s stock worth $234,000 after acquiring an additional 2,410 shares during the last quarter. CAPROCK Group Inc. grew its stake in shares of Nokia Oyj by 3.8% during the first quarter. CAPROCK Group Inc. now owns 68,511 shares of the technology company’s stock worth $392,000 after acquiring an additional 2,524 shares during the last quarter. Finally, American Asset Management Inc. grew its stake in shares of Nokia Oyj by 8.4% during the fourth quarter. American Asset Management Inc. now owns 38,866 shares of the technology company’s stock worth $226,000 after acquiring an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 7.84% of the company’s stock.
Shares of NOK stock opened at $5.12 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 1.05. The company has a market cap of $28.85 billion, a PE ratio of 18.96 and a beta of 0.27. Nokia Oyj has a 1-year low of $4.71 and a 1-year high of $6.65.
Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, April 25th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.05). The business had revenue of $5.03 billion for the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a positive return on equity of 6.97% and a negative net margin of 2.65%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. On average, sell-side analysts forecast that Nokia Oyj will post 0.24 earnings per share for the current fiscal year.
A number of research analysts have issued reports on NOK shares. Nordea Equity Research downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. TheStreet downgraded Nokia Oyj from a “b-” rating to a “c+” rating in a report on Wednesday, April 3rd. ValuEngine downgraded Nokia Oyj from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $7.00 price target on shares of Nokia Oyj in a report on Friday, April 26th. Five equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. Nokia Oyj has a consensus rating of “Hold” and a consensus price target of $6.83.
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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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