Capital Advisors Inc. OK Takes Position in Nokia Oyj (NYSE:NOK)

Capital Advisors Inc. OK bought a new position in shares of Nokia Oyj (NYSE:NOK) in the fourth quarter, Holdings Channel.com reports. The fund bought 13,616 shares of the technology company’s stock, valued at approximately $60,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealthstar Advisors LLC bought a new position in shares of Nokia Oyj in the 4th quarter worth about $146,000. Vest Financial LLC grew its stake in Nokia Oyj by 43.1% during the fourth quarter. Vest Financial LLC now owns 30,756 shares of the technology company’s stock worth $136,000 after purchasing an additional 9,260 shares during the period. Choreo LLC increased its holdings in Nokia Oyj by 19.0% in the fourth quarter. Choreo LLC now owns 86,746 shares of the technology company’s stock worth $384,000 after purchasing an additional 13,849 shares in the last quarter. Five Oceans Advisors lifted its stake in Nokia Oyj by 11.1% in the fourth quarter. Five Oceans Advisors now owns 38,582 shares of the technology company’s stock valued at $171,000 after buying an additional 3,853 shares during the period. Finally, Caprock Group LLC boosted its holdings in shares of Nokia Oyj by 41.3% during the 4th quarter. Caprock Group LLC now owns 81,622 shares of the technology company’s stock worth $362,000 after buying an additional 23,856 shares in the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $5.01 on Thursday. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of 20.04, a PEG ratio of 6.17 and a beta of 1.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58. Nokia Oyj has a fifty-two week low of $3.29 and a fifty-two week high of $5.01. The firm’s 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.38.

Nokia Oyj (NYSE:NOK) last posted its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share for the quarter, beating 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%. As a group, research analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and set a $6.50 target price on shares of Nokia Oyj in a research report on Friday, October 18th. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Finally, Craig Hallum boosted their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $5.86.

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.