SG Americas Securities LLC Buys New Shares in Nokia Corporation $NOK

SG Americas Securities LLC bought a new position in shares of Nokia Corporation (NYSE:NOK) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 182,434 shares of the technology company’s stock, valued at approximately $1,467,000.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after buying an additional 2,721 shares in the last quarter. Wexford Capital LP purchased a new stake in shares of Nokia during the third quarter worth approximately $29,000. FNY Investment Advisers LLC raised its holdings in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares in the last quarter. Dorato Capital Management purchased a new position in Nokia in the fourth quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Nokia in the third quarter worth approximately $34,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NOK shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research report on Friday, May 15th. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Morgan Stanley reiterated an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Finally, Bank of America upgraded Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target on the stock in a research note on Monday, April 13th. Thirteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $12.57.

Nokia Stock Performance

Shares of NOK opened at $12.06 on Friday. The company has a market capitalization of $69.25 billion, a price-to-earnings ratio of 75.38, a price-to-earnings-growth ratio of 2.36 and a beta of 1.17. Nokia Corporation has a 52-week low of $4.00 and a 52-week high of $17.45. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $13.84 and a 200 day moving average price of $9.78.

Nokia (NYSE:NOK) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The company had revenue of $5.21 billion for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.05%. Research analysts predict that Nokia Corporation will post 0.4 EPS for the current fiscal year.

Nokia Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.