Nokia Oyj (NYSE:NOK) Stock Holdings Decreased by National Bank of Canada FI

National Bank of Canada FI decreased its stake in shares of Nokia Oyj (NYSE:NOK) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,347 shares of the technology company’s stock after selling 8,500 shares during the period. National Bank of Canada FI’s holdings in Nokia Oyj were worth $258,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of NOK. Artisan Partners Limited Partnership lifted its holdings in Nokia Oyj by 5.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock worth $365,152,000 after buying an additional 5,087,927 shares during the last quarter. Pzena Investment Management LLC raised its position in shares of Nokia Oyj by 22.3% during the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock valued at $311,943,000 after acquiring an additional 15,035,360 shares in the last quarter. Sei Investments Co. lifted its stake in Nokia Oyj by 1.5% during the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock worth $9,467,000 after purchasing an additional 40,264 shares during the last quarter. TSP Capital Management Group LLC boosted its holdings in Nokia Oyj by 89.2% in the first quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 1,027,600 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Nokia Oyj by 98.3% during the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after purchasing an additional 867,297 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price target (up from $6.00) on shares of Nokia Oyj in a report on Wednesday, September 4th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.54.

Nokia Oyj Price Performance

NYSE NOK opened at $4.21 on Friday. The company has a 50-day moving average price of $4.01 and a two-hundred day moving average price of $3.80. The stock has a market cap of $23.22 billion, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 5.13 and a beta of 1.12. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.52.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. The firm had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Analysts forecast that Nokia Oyj will post 0.36 EPS for the current year.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.