Columbia Partners L L C Investment Management Invests $332,000 in Nokia Corporation (NYSE:NOK)

Columbia Partners L L C Investment Management bought a new stake in Nokia Corporation (NYSE:NOK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 61,315 shares of the technology company’s stock, valued at approximately $332,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in Nokia Corporation by 13.5% in the fourth quarter. Comerica Bank now owns 336,362 shares of the technology company’s stock valued at $1,598,000 after buying an additional 40,099 shares during the period. Private Advisor Group LLC increased its stake in Nokia Corporation by 18.8% in the fourth quarter. Private Advisor Group LLC now owns 38,121 shares of the technology company’s stock valued at $182,000 after buying an additional 6,024 shares during the period. FMR LLC increased its stake in Nokia Corporation by 14.6% in the fourth quarter. FMR LLC now owns 2,099,893 shares of the technology company’s stock valued at $10,100,000 after buying an additional 266,800 shares during the period. First Allied Advisory Services Inc. increased its stake in Nokia Corporation by 83.0% in the fourth quarter. First Allied Advisory Services Inc. now owns 34,132 shares of the technology company’s stock valued at $164,000 after buying an additional 15,477 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Nokia Corporation by 1.8% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 36,245 shares of the technology company’s stock valued at $174,000 after buying an additional 629 shares during the period. Institutional investors and hedge funds own 5.87% of the company’s stock.

Shares of Nokia Corporation (NYSE NOK) opened at 6.31 on Tuesday. The company’s 50 day moving average price is $6.35 and its 200 day moving average price is $5.44. Nokia Corporation has a 12 month low of $4.04 and a 12 month high of $6.65. The company’s market cap is $35.86 billion.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.33 billion. Nokia Corporation had a negative net margin of 2.82% and a positive return on equity of 6.57%. The business’s revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, equities analysts expect that Nokia Corporation will post $0.25 EPS for the current fiscal year.

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NOK has been the subject of several recent research reports. Zacks Investment Research downgraded Nokia Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. BMO Capital Markets restated a “hold” rating and issued a $5.00 price target on shares of Nokia Corporation in a research note on Thursday, April 27th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Nokia Corporation in a research note on Thursday, April 27th. Vetr downgraded Nokia Corporation from a “buy” rating to a “hold” rating and set a $6.00 price target for the company. in a research note on Wednesday, May 3rd. Finally, Canaccord Genuity reissued a “hold” rating and set a $6.00 price target on shares of Nokia Corporation in a report on Friday, May 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $6.26.

Nokia Corporation Company Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

Institutional Ownership by Quarter for Nokia Corporation (NYSE:NOK)

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