Nokia Oyj (NOK) Shares Bought by AMG National Trust Bank

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 disclosure with the Securities and Exchange Commission. The firm owned 505,453 shares of the technology company’s stock after buying an additional 50,375 shares during the period. AMG National Trust Bank’s holdings in Nokia Oyj were worth $2,355,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tiedemann Wealth Management LLC acquired a new position in shares of Nokia Oyj during the third quarter worth approximately $114,000. Strategic Global Advisors LLC acquired a new position in shares of Nokia Oyj during the third quarter worth approximately $143,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Nokia Oyj during the fourth quarter worth approximately $116,000. ZWJ Investment Counsel Inc. acquired a new position in shares of Nokia Oyj during the third quarter worth approximately $190,000. Finally, Well Done LLC acquired a new position in shares of Nokia Oyj during the third quarter worth approximately $207,000. Institutional investors and hedge funds own 6.92% of the company’s stock.

Shares of Nokia Oyj (NYSE:NOK) traded up $0.04 during trading hours on Thursday, reaching $5.73. 5,269,584 shares of the company’s stock traded hands, compared to its average volume of 19,607,736. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.55. Nokia Oyj has a 52 week low of $4.51 and a 52 week high of $6.65. The firm has a market cap of $32,268.53, a P/E ratio of -18.43, a P/E/G ratio of 2.46 and a beta of 1.32.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. Nokia Oyj had a negative net margin of 6.37% and a positive return on equity of 10.80%. The company had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same period in the previous year, the business earned $0.12 EPS. The company’s revenue was down .7% on a year-over-year basis. analysts expect that Nokia Oyj will post 0.31 EPS for the current year.

NOK has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nokia Oyj in a research report on Friday, October 27th. Canaccord Genuity reduced their price objective on Nokia Oyj from $7.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, October 27th. Argus cut Nokia Oyj from a “buy” rating to a “hold” rating and boosted their target price for the stock from $4.76 to $4.91 in a report on Monday, October 30th. BNP Paribas raised Nokia Oyj from an “underperform” rating to a “neutral” rating in a report on Tuesday, November 7th. Finally, Credit Suisse Group cut Nokia Oyj from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $4.89 to $5.00 in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $5.54.

ILLEGAL ACTIVITY WARNING: “Nokia Oyj (NOK) Shares Bought by AMG National Trust Bank” was originally published by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://www.thelincolnianonline.com/2018/02/22/nokia-oyj-nok-shares-bought-by-amg-national-trust-bank-updated.html.

Nokia Oyj 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.

Institutional Ownership by Quarter 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.

Leave a Reply