Park National Corp OH Has $50,000 Stock Position in Nokia Oyj (NYSE:NOK)

Park National Corp OH decreased its position in Nokia Oyj (NYSE:NOK) by 29.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,487 shares of the technology company’s stock after selling 4,816 shares during the period. Park National Corp OH’s holdings in Nokia Oyj were worth $50,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NOK. Pzena Investment Management LLC lifted its position in 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 acquiring an additional 15,035,360 shares in the last quarter. Sei Investments Co. lifted its position in Nokia Oyj by 1.5% in the 1st quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock valued at $9,467,000 after acquiring an additional 40,264 shares in the last quarter. TSP Capital Management Group LLC lifted its position in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock valued at $7,715,000 after acquiring an additional 1,027,600 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Nokia Oyj by 98.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after acquiring an additional 867,297 shares in the last quarter. Finally, Susquehanna International Securities Ltd. lifted its position in Nokia Oyj by 13.9% in the 1st quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock valued at $5,795,000 after acquiring an additional 199,590 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. StockNews.com raised shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Northland Securities reissued an “outperform” rating and set a $6.50 price target (up from $6.00) on shares of Nokia Oyj in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $4.54.

Nokia Oyj Stock Up 0.1 %

Shares of NOK stock opened at $4.36 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 firm’s 50-day moving average is $4.16 and its 200-day moving average is $3.87. The stock has a market cap of $24.05 billion, a price-to-earnings ratio of 27.22, a PEG ratio of 5.27 and a beta of 1.12. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.52.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. Sell-side analysts predict that Nokia Oyj will post 0.36 EPS 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.