Cwm LLC Reduces Holdings in Nokia Oyj (NYSE:NOK)

Cwm LLC lessened its position in shares of Nokia Oyj (NYSE:NOK) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,951 shares of the technology company’s stock after selling 5,997 shares during the period. Cwm LLC’s holdings in Nokia Oyj were worth $83,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC increased its position in shares of Nokia Oyj by 67.0% during the 3rd quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company’s stock valued at $37,000 after purchasing an additional 3,427 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Nokia Oyj during the 1st quarter valued at about $35,000. Simplicity Wealth LLC bought a new position in Nokia Oyj during the 2nd quarter worth approximately $39,000. Arkadios Wealth Advisors bought a new position in Nokia Oyj during the 2nd quarter worth approximately $40,000. Finally, Occidental Asset Management LLC bought a new position in Nokia Oyj during the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Stock Performance

NYSE NOK opened at $4.77 on Friday. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of 29.81, a price-to-earnings-growth ratio of 6.07 and a beta of 1.12. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $4.36 and a 200-day moving average price of $3.97. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.82.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NOK shares. Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a research report on Friday, October 18th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. reduced their target price on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating on the stock in a research note on Monday, October 21st. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Craig Hallum raised Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Nokia Oyj has an average rating of “Hold” and an average target price of $4.56.

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.