Levin Capital Strategies L.P. Sells 19,982,208 Shares of Nokia Oyj (NOK)

Levin Capital Strategies L.P. cut its position in shares of Nokia Oyj (NYSE:NOK) by 56.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,132,930 shares of the technology company’s stock after selling 19,982,208 shares during the period. Nokia Oyj accounts for about 1.9% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 17th largest position. Levin Capital Strategies L.P. owned approximately 0.27% of Nokia Oyj worth $88,074,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Creative Planning boosted its holdings in shares of Nokia Oyj by 2.5% in the 4th quarter. Creative Planning now owns 79,848 shares of the technology company’s stock valued at $465,000 after purchasing an additional 1,917 shares in the last quarter. Keybank National Association OH boosted its position in Nokia Oyj by 5.8% during the fourth quarter. Keybank National Association OH now owns 42,333 shares of the technology company’s stock valued at $246,000 after buying an additional 2,326 shares during the period. Fisher Asset Management LLC boosted its position in Nokia Oyj by 9.8% during the fourth quarter. Fisher Asset Management LLC now owns 33,897 shares of the technology company’s stock valued at $197,000 after buying an additional 3,034 shares during the period. BB&T Securities LLC boosted its position in Nokia Oyj by 21.1% during the fourth quarter. BB&T Securities LLC now owns 24,732 shares of the technology company’s stock valued at $143,000 after buying an additional 4,309 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in Nokia Oyj by 17.0% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 30,218 shares of the technology company’s stock valued at $175,000 after buying an additional 4,400 shares during the period. 6.59% of the stock is owned by institutional investors.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research reiterated a “buy” rating and set a $6.25 price target on shares of Nokia Oyj in a report on Monday, December 31st. Canaccord Genuity upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 26th. DNB Markets upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Thursday, October 25th. Finally, ValuEngine upgraded shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Tuesday, December 11th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Nokia Oyj currently has an average rating of “Hold” and an average target price of $6.81.

Shares of NYSE NOK opened at $6.19 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.29. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 23.00, a P/E/G ratio of 2.04 and a beta of 0.39. Nokia Oyj has a 52-week low of $5.07 and a 52-week high of $6.65.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 31st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.01. The company had revenue of $7.84 billion for the quarter, compared to the consensus estimate of $7.61 billion. Nokia Oyj had a negative net margin of 1.58% and a positive return on equity of 8.03%. On average, equities analysts forecast that Nokia Oyj will post 0.3 earnings per share for the current year.

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Nokia Oyj Company Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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