Cetera Advisors LLC reduced its position in shares of Nokia Oyj (NYSE:NOK) by 46.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,074 shares of the technology company’s stock after selling 20,488 shares during the quarter. Cetera Advisors LLC’s holdings in Nokia Oyj were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently bought and sold shares of NOK. Truvestments Capital LLC raised its position in shares of Nokia Oyj by 1,375.2% during the 2nd quarter. Truvestments Capital LLC now owns 4,942 shares of the technology company’s stock valued at $25,000 after acquiring an additional 4,607 shares in the last quarter. Optimum Investment Advisors acquired a new stake in shares of Nokia Oyj during the 3rd quarter valued at approximately $25,000. AdvisorNet Financial Inc raised its position in shares of Nokia Oyj by 1,096.4% during the 3rd quarter. AdvisorNet Financial Inc now owns 6,018 shares of the technology company’s stock valued at $30,000 after acquiring an additional 5,515 shares in the last quarter. McIlrath & Eck LLC raised its position in shares of Nokia Oyj by 5,900.0% during the 3rd quarter. McIlrath & Eck LLC now owns 6,000 shares of the technology company’s stock valued at $30,000 after acquiring an additional 5,900 shares in the last quarter. Finally, Regal Wealth Group Inc. acquired a new stake in shares of Nokia Oyj during the 2nd quarter valued at approximately $38,000. 7.44% of the stock is currently owned by institutional investors and hedge funds.
Several research firms recently issued reports on NOK. Craig Hallum reissued a “buy” rating on shares of Nokia Oyj in a research report on Friday, August 30th. Zacks Investment Research lowered Nokia Oyj from a “hold” rating to a “sell” rating and set a $4.50 price target on the stock. in a research report on Monday, October 28th. Charter Equity raised Nokia Oyj from a “market perform” rating to a “buy” rating in a research report on Friday, July 26th. Barclays lowered 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. Finally, MKM Partners dropped their price target on Nokia Oyj from $7.50 to $5.50 and set a “buy” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Nokia Oyj has a consensus rating of “Buy” and an average target price of $5.20.
Shares of NOK opened at $3.35 on Thursday. The company has a market cap of $18.95 billion, a P/E ratio of 12.41 and a beta of 0.25. The stock has a fifty day moving average price of $4.24 and a 200 day moving average price of $4.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 1.05. Nokia Oyj has a 12 month low of $3.33 and a 12 month high of $6.65.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 24th. The technology company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.01). The company had revenue of $5.69 billion for the quarter, compared to the consensus estimate of $5.59 billion. Nokia Oyj had a positive return on equity of 7.64% and a negative net margin of 1.57%. Nokia Oyj’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, research analysts anticipate that Nokia Oyj will post 0.22 earnings per share for the current year.
Nokia Oyj 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).
Want to see what other hedge funds are holding NOK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Nokia Oyj (NYSE:NOK).
Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with MarketBeat.com's FREE daily email newsletter.