AMG National Trust Bank lifted its holdings in shares of Nokia Oyj (NYSE:NOK) by 11.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 505,453 shares of the technology company’s stock after buying an additional 50,375 shares during the quarter. AMG National Trust Bank’s holdings in Nokia Oyj were worth $2,355,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Lenox Wealth Management Inc. raised its stake in shares of Nokia Oyj by 35.5% during the 3rd quarter. Lenox Wealth Management Inc. now owns 129,663 shares of the technology company’s stock worth $775,000 after buying an additional 33,987 shares during the period. Commerzbank Aktiengesellschaft FI raised its stake in shares of Nokia Oyj by 272.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 199,826 shares of the technology company’s stock worth $1,195,000 after buying an additional 146,152 shares during the period. Stifel Financial Corp raised its stake in shares of Nokia Oyj by 68.7% during the 2nd quarter. Stifel Financial Corp now owns 181,890 shares of the technology company’s stock worth $1,121,000 after buying an additional 74,056 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Nokia Oyj during the 3rd quarter worth approximately $3,353,000. Finally, FMR LLC raised its stake in shares of Nokia Oyj by 2.5% during the 2nd quarter. FMR LLC now owns 2,995,663 shares of the technology company’s stock worth $18,453,000 after buying an additional 72,180 shares during the period. 6.03% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently commented on the company. Zacks Investment Research raised Nokia Oyj from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Bank of America raised Nokia Oyj from a “neutral” rating to a “buy” rating in a research note 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 for the company. in a research note on Monday, February 5th. MKM Partners raised Nokia Oyj from a “neutral” rating to a “buy” rating and increased their price objective for the company from $5.50 to $7.50 in a research note on Friday, February 2nd. Finally, 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. One equities research 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 company has a consensus rating of “Hold” and a consensus price target of $5.74.
Shares of Nokia Oyj (NYSE NOK) opened at $5.65 on Thursday. Nokia Oyj has a 52 week low of $4.51 and a 52 week high of $6.65. The stock has a market capitalization of $31,029.60, a price-to-earnings ratio of -18.23, a price-to-earnings-growth ratio of 2.37 and a beta of 1.32. The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.
Nokia Oyj (NYSE:NOK) last issued its 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. 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 during the quarter, compared to the consensus estimate of $6.41 billion. During the same period last year, the company earned $0.12 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. sell-side analysts anticipate that Nokia Oyj will post 0.31 earnings per share for the current fiscal year.
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Nokia Oyj Company Profile
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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