Militia Capital Management LLC Invests $2.41 Million in Nokia Corporation $NOK

Militia Capital Management LLC purchased a new stake in shares of Nokia Corporation (NYSE:NOK) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 300,000 shares of the technology company’s stock, valued at approximately $2,412,000.

Several other large investors also recently bought and sold shares of NOK. Pzena Investment Management LLC raised its holdings in shares of Nokia by 14.5% during 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 worth $306,167,000 after purchasing an additional 3,896,363 shares during the last quarter. ARGA Investment Management LP grew its position in Nokia by 166.4% in the 1st quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock worth $163,921,000 after purchasing an additional 12,734,021 shares during the period. Alyeska Investment Group L.P. grew its position in Nokia by 171.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock worth $113,161,000 after purchasing an additional 11,035,002 shares during the period. Finally, Analog Century Management LP purchased a new stake in Nokia during the 4th quarter valued at $104,244,000. 5.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research note on Monday, March 30th. Nordea Equity Research upgraded Nokia from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Finally, Morgan Stanley restated an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. Thirteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.57.

Nokia Trading Down 3.2%

Shares of Nokia stock opened at $10.29 on Thursday. Nokia Corporation has a 1-year low of $4.00 and a 1-year high of $17.45. The company’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.57 and a quick ratio of 1.32. The stock has a market capitalization of $59.12 billion, a PE ratio of 64.35, a P/E/G ratio of 1.51 and a beta of 1.17.

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

About Nokia

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.