Atria Wealth Solutions Inc. Acquires 74,552 Shares of Nokia Oyj (NYSE:NOK)

Atria Wealth Solutions Inc. increased its holdings in Nokia Oyj (NYSE:NOK) by 261.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 103,069 shares of the technology company’s stock after purchasing an additional 74,552 shares during the period. Atria Wealth Solutions Inc.’s holdings in Nokia Oyj were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NOK. Allspring Global Investments Holdings LLC grew its stake in Nokia Oyj by 29.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 44,033 shares of the technology company’s stock valued at $192,000 after buying an additional 10,117 shares during the last quarter. Private Advisor Group LLC grew its position 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 valued at $229,000 after purchasing an additional 17,945 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Nokia Oyj by 396.6% in the third quarter. International Assets Investment Management LLC now owns 100,637 shares of the technology company’s stock worth $440,000 after purchasing an additional 80,372 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Nokia Oyj by 3.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 89,592 shares of the technology company’s stock worth $392,000 after purchasing an additional 2,776 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new stake in Nokia Oyj during the 3rd quarter valued at approximately $44,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Stock Performance

NYSE:NOK opened at $4.83 on Friday. Nokia Oyj has a 12-month low of $3.29 and a 12-month high of $5.06. 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 firm has a 50-day moving average price of $4.66 and a 200 day moving average price of $4.47. The firm has a market capitalization of $26.31 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 6.43 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. Research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Nokia Oyj 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.