OLD Mission Capital LLC lessened its holdings in shares of Nokia Oyj (NYSE:NOK) by 45.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,043,870 shares of the technology company’s stock after selling 884,715 shares during the period. OLD Mission Capital LLC’s holdings in Nokia Oyj were worth $4,864,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in NOK. Paloma Partners Management Co raised its stake in shares of Nokia Oyj by 192.8% during the fourth quarter. Paloma Partners Management Co now owns 31,353 shares of the technology company’s stock valued at $146,000 after acquiring an additional 20,644 shares in the last quarter. Ellington Management Group LLC bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $181,000. Guggenheim Capital LLC raised its stake in shares of Nokia Oyj by 40.0% during the fourth quarter. Guggenheim Capital LLC now owns 75,981 shares of the technology company’s stock valued at $354,000 after acquiring an additional 21,723 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Nokia Oyj by 29.6% during the fourth quarter. Deutsche Bank AG now owns 2,289,908 shares of the technology company’s stock valued at $10,670,000 after acquiring an additional 522,553 shares in the last quarter. Finally, Jafra Capital Management LP bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $2,198,000. Institutional investors and hedge funds own 6.64% of the company’s stock.
Several research firms have recently weighed in on NOK. Vetr downgraded shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 price target for the company. in a research note on Monday, February 5th. Goldman Sachs Group reissued a “neutral” rating on shares of Nokia Oyj in a research note on Thursday, January 18th. Credit Suisse Group downgraded shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $4.89 to $5.00 in a research note on Friday, January 5th. Canaccord Genuity reissued a “hold” rating and issued a $6.00 price objective on shares of Nokia Oyj in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $5.54.
Nokia Oyj (NYSE:NOK) last issued its quarterly earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.41 billion. Nokia Oyj had a positive return on equity of 10.80% and a negative net margin of 6.37%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. analysts forecast that Nokia Oyj will post 0.31 EPS for the current fiscal year.
About Nokia Oyj
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.
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.