Proficio Capital Partners LLC Decreases Stock Holdings in Nokia Oyj (NYSE:NOK)

Proficio Capital Partners LLC cut its stake in Nokia Oyj (NYSE:NOK) by 56.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,200 shares of the technology company’s stock after selling 105,750 shares during the period. Proficio Capital Partners LLC’s holdings in Nokia Oyj were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in NOK. PEAK6 Investments LLC purchased a new stake in Nokia Oyj in the 3rd quarter valued at $45,000. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj in the fourth quarter valued at about $45,000. D.A. Davidson & CO. acquired a new stake in Nokia Oyj during the fourth quarter worth about $46,000. Wedmont Private Capital purchased a new position in Nokia Oyj during the fourth quarter worth about $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in Nokia Oyj in the 4th quarter valued at about $49,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Nokia Oyj Trading Down 1.6 %

NOK opened at $5.15 on Tuesday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.28. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. The business has a fifty day simple moving average of $4.75 and a 200-day simple moving average of $4.52. The firm has a market cap of $28.05 billion, a P/E ratio of 20.58, a P/E/G ratio of 6.43 and a beta of 1.11.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share 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%. On average, equities analysts expect that Nokia Oyj will post 0.34 earnings per share for the current year.

Nokia Oyj Company 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.