Nokia Oyj (NYSE:NOK) Holdings Lowered by PFG Investments LLC

PFG Investments LLC lowered its stake in Nokia Oyj (NYSE:NOK) by 5.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,929 shares of the technology company’s stock after selling 2,965 shares during the quarter. PFG Investments LLC’s holdings in Nokia Oyj were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC increased its position in shares of Nokia Oyj by 16.6% in the second quarter. Ballentine Partners LLC now owns 50,128 shares of the technology company’s stock worth $189,000 after acquiring an additional 7,144 shares in the last quarter. Caprock Group LLC lifted its holdings in shares of Nokia Oyj by 19.1% in the second quarter. Caprock Group LLC now owns 54,743 shares of the technology company’s stock valued at $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 second quarter. Gallacher Capital Management LLC now owns 75,995 shares of the technology company’s stock worth $287,000 after buying an additional 5,310 shares during the period. Sivia Capital Partners LLC grew its holdings in shares of Nokia Oyj by 47.3% during the second quarter. Sivia Capital Partners LLC now owns 26,044 shares of the technology company’s stock valued at $98,000 after buying an additional 8,366 shares in the last quarter. Finally, Pzena Investment Management LLC raised its position in Nokia Oyj by 22.3% during the second 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 during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

NYSE:NOK opened at $4.20 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.57 and a current ratio of 1.82. The company has a market capitalization of $23.20 billion, a P/E ratio of 26.25, a P/E/G ratio of 5.13 and a beta of 1.12. The stock’s 50 day moving average price is $4.01 and its 200 day moving average price is $3.80. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.52.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. On average, research analysts forecast that Nokia Oyj will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on NOK shares. Northland Securities restated an “outperform” rating and set a $6.50 price objective (up from $6.00) on shares of Nokia Oyj in a research report on Wednesday, September 4th. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.54.

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.