Manatuck Hill Partners LLC Purchases New Holdings in Nokia Corporation $NOK

Manatuck Hill Partners LLC purchased a new stake in Nokia Corporation (NYSE:NOK) in the fourth quarter, Holdings Channel.com reports. The firm purchased 250,000 shares of the technology company’s stock, valued at approximately $1,618,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Pzena Investment Management LLC boosted its holdings in Nokia by 14.5% in the fourth quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock valued at $594,868,000 after purchasing an additional 11,612,590 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nokia by 9.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock valued at $306,167,000 after purchasing an additional 3,896,363 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after purchasing an additional 11,035,002 shares during the last quarter. Analog Century Management LP purchased a new position in Nokia in the fourth quarter valued at about $104,244,000. Finally, Thrivent Financial for Lutherans boosted its holdings in Nokia by 14.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,489,705 shares of the technology company’s stock valued at $93,749,000 after purchasing an additional 1,834,562 shares during the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Trading Down 1.2%

NYSE:NOK opened at $13.82 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $13.04 and its two-hundred day moving average is $9.20. Nokia Corporation has a 52 week low of $4.00 and a 52 week high of $17.45. The company has a market cap of $79.34 billion, a PE ratio of 86.36, a P/E/G ratio of 2.72 and a beta of 1.15.

Nokia (NYSE:NOK) last announced its quarterly earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share for the quarter. The business had revenue of $5.21 billion for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. On average, analysts predict that Nokia Corporation will post 0.4 EPS for the current year.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia said it will invest $30 million to expand its Pennsylvania advanced test and packaging facility, a move tied to rising AI demand and increased production of photonic chips used in AI-native networks. Article Title
• Positive Sentiment: The expansion is expected to create about 250 advanced manufacturing jobs and strengthen Nokia’s U.S.-based supply chain for critical optical networking technologies, which could support future revenue growth. Article Title
• Positive Sentiment: Analysts and industry coverage frame the investment as a strategic response to AI infrastructure demand, potentially improving Nokia’s position in high-growth networking and semiconductor-adjacent markets. Article Title

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Danske downgraded Nokia from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Nordea Equity Research raised Nokia from a “hold” rating to a “buy” rating in a report on Friday, April 24th. Northland Securities set a $20.00 price target on Nokia in a report on Wednesday, June 3rd. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Finally, Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Company Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.