Choreo LLC Buys 35,625 Shares of Nokia Oyj (NYSE:NOK)

Choreo LLC lifted its holdings in Nokia Oyj (NYSE:NOK) by 108.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,507 shares of the technology company’s stock after purchasing an additional 35,625 shares during the quarter. Choreo LLC’s holdings in Nokia Oyj were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Ballentine Partners LLC boosted its position in shares of Nokia Oyj by 16.6% in the 2nd quarter. Ballentine Partners LLC now owns 50,128 shares of the technology company’s stock worth $189,000 after purchasing an additional 7,144 shares in the last quarter. Caprock Group LLC boosted its position in shares of Nokia Oyj by 19.1% in the 2nd quarter. Caprock Group LLC now owns 54,743 shares of the technology company’s stock worth $207,000 after purchasing an additional 8,793 shares in the last quarter. Gallacher Capital Management LLC boosted its position in shares of Nokia Oyj by 7.5% in the 2nd quarter. Gallacher Capital Management LLC now owns 75,995 shares of the technology company’s stock worth $287,000 after purchasing an additional 5,310 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of Nokia Oyj by 47.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 26,044 shares of the technology company’s stock worth $98,000 after purchasing an additional 8,366 shares in the last quarter. Finally, Pzena Investment Management LLC boosted its position in shares of Nokia Oyj by 22.3% in the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after purchasing an additional 15,035,360 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Upgrades and Downgrades

NOK has been the subject of a number of recent analyst reports. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Northland Securities restated an “outperform” rating and issued a $6.50 target price (up previously from $6.00) on shares of Nokia Oyj in a research note on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.54.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.19 on Thursday. The firm has a market capitalization of $23.14 billion, a price-to-earnings ratio of 26.19, a price-to-earnings-growth ratio of 5.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. The business has a fifty day moving average of $4.03 and a 200 day moving average of $3.81. Nokia Oyj has a 1 year low of $2.94 and a 1 year high of $4.52.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. As a group, research analysts expect that Nokia Oyj will post 0.36 earnings per share for the current year.

Nokia Oyj 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.