Columbia Partners L L C Investment Management Sells 36,586 Shares of Nokia Corporation (NOK)

Columbia Partners L L C Investment Management trimmed its holdings in shares of Nokia Corporation (NYSE:NOK) by 59.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,729 shares of the technology company’s stock after selling 36,586 shares during the period. Columbia Partners L L C Investment Management’s holdings in Nokia Corporation were worth $152,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NOK. Smithbridge Asset Management Inc. DE acquired a new stake in Nokia Corporation in the 2nd quarter valued at about $119,000. Geneva Advisors LLC acquired a new stake in Nokia Corporation in the 2nd quarter valued at about $125,000. Cutter & CO Brokerage Inc. lifted its stake in Nokia Corporation by 8.5% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after purchasing an additional 1,801 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in Nokia Corporation in the 1st quarter valued at about $150,000. Finally, First Command Bank lifted its stake in Nokia Corporation by 100.0% in the 2nd quarter. First Command Bank now owns 25,788 shares of the technology company’s stock valued at $158,000 after purchasing an additional 12,894 shares during the last quarter. Institutional investors own 5.85% of the company’s stock.

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Nokia Corporation (NYSE NOK) opened at 6.05 on Friday. The stock’s 50 day moving average is $6.25 and its 200 day moving average is $6.01. Nokia Corporation has a one year low of $4.04 and a one year high of $6.65. The company’s market capitalization is $34.19 billion.

Nokia Corporation (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.05. The company had revenue of $5.63 billion for the quarter, compared to analysts’ expectations of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. Nokia Corporation’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS. On average, analysts anticipate that Nokia Corporation will post $0.30 earnings per share for the current fiscal year.

Several equities research analysts recently issued reports on the stock. BNP Paribas downgraded shares of Nokia Corporation from a “neutral” rating to an “underperform” rating in a research note on Thursday. UBS AG reiterated a “buy” rating on shares of Nokia Corporation in a research note on Wednesday. Vetr downgraded shares of Nokia Corporation from a “strong-buy” rating to a “hold” rating and set a $6.37 target price for the company. in a research note on Monday. Zacks Investment Research downgraded shares of Nokia Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub upgraded shares of Nokia Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have assigned a buy rating to the company. Nokia Corporation has an average rating of “Hold” and a consensus target price of $5.91.

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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