Cwm LLC Cuts Position in Nokia Oyj (NYSE:NOK)

Cwm LLC cut its stake in Nokia Oyj (NYSE:NOK) by 24.0% during the third quarter, HoldingsChannel reports. The fund owned 18,951 shares of the technology company’s stock after selling 5,997 shares during the quarter. Cwm LLC’s holdings in Nokia Oyj were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Truist Financial Corp boosted its position in shares of Nokia Oyj by 15.7% in the 2nd quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after purchasing an additional 2,710 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Nokia Oyj by 3.9% in the 2nd quarter. V Square Quantitative Management LLC now owns 83,509 shares of the technology company’s stock valued at $328,000 after buying an additional 3,097 shares during the period. Sivia Capital Partners LLC increased its stake in shares of Nokia Oyj by 22.0% in the 1st quarter. Sivia Capital Partners LLC now owns 17,678 shares of the technology company’s stock valued at $63,000 after purchasing an additional 3,184 shares in the last quarter. Profund Advisors LLC increased its stake in shares of Nokia Oyj by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 115,950 shares of the technology company’s stock valued at $438,000 after purchasing an additional 3,349 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Nokia Oyj by 67.0% in 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 in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Down 0.6 %

Shares of NOK opened at $4.77 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. The firm has a 50 day simple moving average of $4.36 and a 200-day simple moving average of $3.97. Nokia Oyj has a 1-year low of $2.94 and a 1-year high of $4.82. The stock 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.

Wall Street Analyst Weigh In

Several equities research analysts have commented on NOK shares. Northland Securities reiterated an “outperform” rating and set a $6.50 price objective on shares of Nokia Oyj in a research note on Friday, October 18th. Craig Hallum upgraded Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. cut their price objective on Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a research note on Monday, October 21st. Finally, Danske upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and a consensus price target of $4.56.

About Nokia Oyj

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.