Sanctuary Advisors LLC Has $187,000 Stock Position in Nokia Oyj (NYSE:NOK)

Sanctuary Advisors LLC lessened its holdings in Nokia Oyj (NYSE:NOK) by 22.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,780 shares of the technology company’s stock after selling 11,226 shares during the period. Sanctuary Advisors LLC’s holdings in Nokia Oyj were worth $187,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Private Advisor Group LLC raised its stake in shares of Nokia Oyj by 52.1% in the third quarter. Private Advisor Group LLC now owns 52,400 shares of the technology company’s stock worth $229,000 after purchasing an additional 17,945 shares during the last quarter. International Assets Investment Management LLC raised its position in Nokia Oyj by 396.6% in the 3rd quarter. International Assets Investment Management LLC now owns 100,637 shares of the technology company’s stock valued at $440,000 after buying an additional 80,372 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Nokia Oyj by 3.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock valued at $392,000 after buying an additional 2,776 shares during the last quarter. US Bancorp DE lifted its stake in Nokia Oyj by 5.5% during the 3rd quarter. US Bancorp DE now owns 371,888 shares of the technology company’s stock valued at $1,625,000 after acquiring an additional 19,418 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Nokia Oyj by 92.8% during the 3rd quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock worth $2,324,000 after acquiring an additional 255,893 shares during the last quarter. Institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.18 on Thursday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.18. The firm’s 50-day simple moving average is $4.70 and its two-hundred day simple moving average is $4.50. The firm has a market cap of $28.22 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 6.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, equities analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NOK. JPMorgan Chase & Co. dropped their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research report on Friday, February 21st. Craig Hallum lifted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com downgraded Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

About Nokia Oyj

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.