Chartwell Investment Partners LLC lifted its holdings in Nokia Oyj (NYSE:NOK) by 52.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,643,188 shares of the technology company’s stock after buying an additional 567,180 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Nokia Oyj were worth $7,657,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Nationwide Fund Advisors raised its holdings in shares of Nokia Oyj by 1.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after buying an additional 900 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Nokia Oyj by 1.9% in the fourth quarter. Crossmark Global Holdings Inc. now owns 571,258 shares of the technology company’s stock worth $2,662,000 after buying an additional 10,606 shares during the period. Mackenzie Financial Corp raised its holdings in shares of Nokia Oyj by 3.1% in the third quarter. Mackenzie Financial Corp now owns 375,774 shares of the technology company’s stock worth $2,247,000 after buying an additional 11,361 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Nokia Oyj by 48.9% in the third quarter. Janney Montgomery Scott LLC now owns 40,379 shares of the technology company’s stock worth $241,000 after buying an additional 13,259 shares during the period. Finally, FDx Advisors Inc. raised its holdings in shares of Nokia Oyj by 66.1% in the third quarter. FDx Advisors Inc. now owns 40,823 shares of the technology company’s stock worth $244,000 after buying an additional 16,250 shares during the period. Hedge funds and other institutional investors own 6.03% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. Bank of America upgraded Nokia Oyj from a “neutral” rating to a “buy” rating in a report on Monday, February 5th. They noted that the move was a valuation call. Vetr downgraded Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 price objective on the stock. in a report on Monday, February 5th. MKM Partners upgraded Nokia Oyj from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $5.50 to $7.50 in a report on Friday, February 2nd. Finally, Canaccord Genuity restated a “hold” rating and set a $6.00 price objective on shares of Nokia Oyj in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.74.
Nokia Oyj (NYSE:NOK) opened at $5.76 on Friday. Nokia Oyj has a fifty-two week low of $4.51 and a fifty-two week high of $6.65. The stock has a market capitalization of $34,190.00, a price-to-earnings ratio of -18.00, a PEG ratio of 2.43 and a beta of 1.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 1.34.
Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Nokia Oyj had a positive return on equity of 10.80% and a negative net margin of 6.37%. The business had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the business posted $0.12 EPS. The business’s revenue was down .7% compared to the same quarter last year. sell-side analysts anticipate that Nokia Oyj will post 0.31 earnings per share for the current fiscal year.
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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.
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