Jefferies Group LLC lifted its stake in Nokia (NYSE:NOK) by 89.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,100 shares of the technology company’s stock after acquiring an additional 104,469 shares during the period. Jefferies Group LLC’s holdings in Nokia were worth $1,030,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the company. Levin Capital Strategies L.P. raised its holdings in shares of Nokia by 25.2% during the fourth quarter. Levin Capital Strategies L.P. now owns 54,775,642 shares of the technology company’s stock valued at $255,254,000 after acquiring an additional 11,016,150 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Nokia during the fourth quarter valued at approximately $54,836,000. Brandes Investment Partners LP raised its holdings in shares of Nokia by 38.8% during the fourth quarter. Brandes Investment Partners LP now owns 10,247,013 shares of the technology company’s stock valued at $47,751,000 after acquiring an additional 2,867,023 shares during the period. Renaissance Technologies LLC raised its holdings in shares of Nokia by 47.8% during the fourth quarter. Renaissance Technologies LLC now owns 7,673,680 shares of the technology company’s stock valued at $35,759,000 after acquiring an additional 2,482,900 shares during the period. Finally, Tocqueville Asset Management L.P. raised its holdings in shares of Nokia by 24.5% during the fourth quarter. Tocqueville Asset Management L.P. now owns 5,001,022 shares of the technology company’s stock valued at $23,305,000 after acquiring an additional 984,731 shares during the period. 6.64% of the stock is owned by institutional investors.
A number of research analysts recently commented on the stock. Vetr downgraded shares of Nokia from a “strong-buy” rating to a “hold” rating and set a $5.54 price objective on the stock. in a research report on Monday, February 5th. Goldman Sachs reaffirmed a “neutral” rating on shares of Nokia in a research report on Thursday, January 18th. Credit Suisse Group downgraded shares of Nokia from an “outperform” rating to a “neutral” rating and boosted their price objective for the company from $4.89 to $5.00 in a research report on Friday, January 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $6.00 price objective on shares of Nokia in a research report on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Nokia from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $5.61.
Shares of NYSE NOK traded down $0.02 during trading hours on Friday, hitting $5.39. 13,610,066 shares of the stock were exchanged, compared to its average volume of 12,505,718. The company has a current ratio of 1.56, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The company has a market cap of $30,353.82, a P/E ratio of 14.57, a P/E/G ratio of 2.36 and a beta of 1.16. Nokia has a one year low of $4.51 and a one year high of $6.65.
Nokia (NYSE:NOK) last posted its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.41 billion. Nokia had a negative net margin of 6.37% and a positive return on equity of 10.80%. Nokia’s quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. equities research analysts forecast that Nokia will post 0.31 EPS for the current fiscal year.
The business also recently announced a special dividend, which will be paid on Monday, June 18th. Investors of record on Friday, June 1st will be paid a dividend of $0.2364 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Thursday, May 31st. Nokia’s payout ratio is currently 35.14%.
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Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.
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