Sanctuary Advisors LLC Has $213,000 Holdings in Nokia Oyj (NYSE:NOK)

Sanctuary Advisors LLC reduced its position in Nokia Oyj (NYSE:NOK) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,006 shares of the technology company’s stock after selling 5,542 shares during the period. Sanctuary Advisors LLC’s holdings in Nokia Oyj were worth $213,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC increased its stake in Nokia Oyj by 1,012.3% in the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after buying an additional 27,755,460 shares during the period. Pzena Investment Management LLC grew its stake 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 valued at $311,943,000 after buying an additional 15,035,360 shares in the last quarter. Bank of Montreal Can acquired a new stake in Nokia Oyj in the second quarter valued at approximately $2,501,000. Maverick Capital Ltd. acquired a new position in Nokia Oyj during the second quarter worth $1,240,000. Finally, Moloney Securities Asset Management LLC bought a new position in Nokia Oyj during the third quarter valued at about $1,419,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NOK shares. Northland Securities reiterated an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com raised Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 25th. Finally, Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $6.43.

Nokia Oyj Price Performance

Nokia Oyj stock opened at $4.48 on Monday. The firm has a market capitalization of $24.43 billion, a P/E ratio of 56.00, a PEG ratio of 5.80 and a beta of 1.08. The business has a 50-day moving average of $4.47 and a 200-day moving average of $4.20. The company has a current ratio of 1.72, a quick ratio of 1.46 and a debt-to-equity ratio of 0.14. Nokia Oyj has a 1 year low of $3.29 and a 1 year high of $4.95.

Nokia Oyj (NYSE:NOK) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The business had revenue of $4.75 billion during the quarter, compared to analyst estimates of $5.10 billion. Nokia Oyj had a return on equity of 8.32% and a net margin of 2.18%. On average, equities analysts anticipate that Nokia Oyj will post 0.34 EPS 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.