Strategic Wealth Advisors Group LLC grew its position in Nokia Oyj (NYSE:NOK) by 30.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,076 shares of the technology company’s stock after buying an additional 12,021 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Nokia Oyj were worth $256,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of NOK. Nuveen Asset Management LLC acquired a new position in Nokia Oyj in the 2nd quarter valued at about $150,436,000. Primecap Management Co. CA acquired a new stake in shares of Nokia Oyj during the 2nd quarter valued at about $36,216,000. Advisors Capital Management LLC acquired a new stake in shares of Nokia Oyj during the 2nd quarter valued at about $27,977,000. Bamco Inc. NY boosted its position in shares of Nokia Oyj by 36.0% during the 2nd quarter. Bamco Inc. NY now owns 14,556,093 shares of the technology company’s stock valued at $72,926,000 after acquiring an additional 3,853,141 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Nokia Oyj by 14.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,464,016 shares of the technology company’s stock valued at $87,493,000 after acquiring an additional 2,139,116 shares in the last quarter. Institutional investors and hedge funds own 7.49% of the company’s stock.
NYSE:NOK remained flat at $$3.57 on Friday. 20,813,784 shares of the company’s stock were exchanged, compared to its average volume of 25,559,217. The firm has a market cap of $19.82 billion, a P/E ratio of 13.22 and a beta of 0.25. Nokia Oyj has a 52-week low of $3.50 and a 52-week high of $6.65. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.34 and a quick ratio of 1.05. The stock’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $5.01.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings results 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 firm had revenue of $5.69 billion during the quarter, compared to analyst estimates of $5.59 billion. Nokia Oyj had a negative net margin of 1.57% and a positive return on equity of 7.64%. Nokia Oyj’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, equities analysts anticipate that Nokia Oyj will post 0.22 EPS for the current year.
Several analysts have recently weighed in on NOK shares. DZ Bank lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating and set a $3.90 target price on the stock. in a research report on Friday, October 25th. Barclays lowered shares of Nokia Oyj from an “overweight” rating to an “equal weight” rating and set a $3.50 target price on the stock. in a research report on Friday, October 25th. Charter Equity upgraded shares of Nokia Oyj from a “market perform” rating to a “buy” rating in a research report on Friday, July 26th. Raymond James lowered shares of Nokia Oyj from a “strong-buy” rating to an “outperform” rating and reduced their price target for the company from $7.50 to $5.00 in a research report on Thursday, October 24th. Finally, Credit Suisse Group lowered shares of Nokia Oyj from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. Nokia Oyj has an average rating of “Buy” and a consensus target price of $5.20.
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).
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