Level Four Advisory Services LLC lifted its position in shares of Nokia Oyj (NYSE:NOK) by 148.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,022 shares of the technology company’s stock after buying an additional 14,939 shares during the quarter. Level Four Advisory Services LLC’s holdings in Nokia Oyj were worth $110,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of NOK. Parallel Advisors LLC raised its holdings in shares of Nokia Oyj by 113.0% during the second quarter. Parallel Advisors LLC now owns 6,953 shares of the technology company’s stock worth $30,000 after purchasing an additional 3,688 shares during the last quarter. Cape Cod Five Cents Savings Bank purchased a new stake in shares of Nokia Oyj in the first quarter valued at about $31,000. Wealthsource Partners LLC purchased a new stake in shares of Nokia Oyj in the first quarter valued at about $32,000. DRW Securities LLC purchased a new stake in Nokia Oyj during the first quarter worth about $34,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in Nokia Oyj during the first quarter worth about $35,000. Institutional investors and hedge funds own 4.39% of the company’s stock.
A number of analysts recently issued reports on NOK shares. Barclays restated an “equal weight” rating on shares of Nokia Oyj in a report on Monday, August 3rd. Credit Suisse Group restated a “neutral” rating on shares of Nokia Oyj in a report on Monday, August 3rd. Raymond James downgraded shares of Nokia Oyj from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, September 8th. DZ Bank restated a “buy” rating on shares of Nokia Oyj in a report on Tuesday, September 8th. Finally, ValuEngine lowered shares of Nokia Oyj from a “hold” rating to a “sell” rating in a research report on Tuesday, September 1st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. Nokia Oyj presently has an average rating of “Hold” and an average target price of $4.59.
Shares of NOK stock opened at $4.18 on Wednesday. Nokia Oyj has a one year low of $2.34 and a one year high of $5.32. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.26 and a current ratio of 1.50. The company has a 50 day moving average price of $4.75 and a 200 day moving average price of $3.99. The firm has a market capitalization of $23.34 billion, a price-to-earnings ratio of 34.67, a price-to-earnings-growth ratio of 0.94 and a beta of 0.52.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Friday, July 31st. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.03 by $0.04. The firm had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.63 billion. Nokia Oyj had a net margin of 2.76% and a return on equity of 9.26%. As a group, equities analysts forecast that Nokia Oyj will post 0.28 EPS for the current fiscal year.
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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