Bank of Montreal Can lessened its stake in shares of Nokia Oyj (NYSE:NOK) by 90.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 81,297 shares of the technology company’s stock after selling 811,668 shares during the period. Bank of Montreal Can’s holdings in Nokia Oyj were worth $379,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of NOK. TCW Group Inc. increased its stake in shares of Nokia Oyj by 30.8% in the third quarter. TCW Group Inc. now owns 6,074,746 shares of the technology company’s stock worth $36,327,000 after purchasing an additional 1,429,672 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Nokia Oyj in the third quarter worth about $4,053,000. Tocqueville Asset Management L.P. increased its stake in shares of Nokia Oyj by 17.2% in the third quarter. Tocqueville Asset Management L.P. now owns 4,016,291 shares of the technology company’s stock worth $24,017,000 after purchasing an additional 589,445 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Nokia Oyj in the third quarter worth about $3,353,000. Finally, Chartwell Investment Partners LLC increased its stake in shares of Nokia Oyj by 72.1% in the third quarter. Chartwell Investment Partners LLC now owns 1,076,008 shares of the technology company’s stock worth $6,434,000 after purchasing an additional 450,730 shares in the last quarter. Hedge funds and other institutional investors own 6.92% of the company’s stock.
Nokia Oyj (NOK) opened at $5.71 on Friday. 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 has a 1 year low of $4.51 and a 1 year high of $6.65. The company has a market cap of $33,890.00, a P/E ratio of -17.84, a PEG ratio of 2.46 and a beta of 1.31.
Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $6.41 billion. During the same period last year, the business earned $0.12 earnings per share. Nokia Oyj’s revenue was down .7% compared to the same quarter last year. analysts predict that Nokia Oyj will post 0.31 EPS for the current fiscal year.
NOK has been the subject of several recent research reports. BNP Paribas downgraded shares of Nokia Oyj from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $5.00 to $3.90 in a research note on Monday, December 4th. Goldman Sachs Group reiterated a “neutral” rating on shares of Nokia Oyj in a research note on Thursday, January 18th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nokia Oyj in a research note on Friday, October 27th. Vetr downgraded shares of Nokia Oyj from a “strong-buy” rating to a “hold” rating and set a $5.54 target price for the company. in a research note on Monday, February 5th. Finally, Credit Suisse Group downgraded shares of Nokia Oyj from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $4.89 to $5.00 in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company. Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $5.54.
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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.
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