Nokia Oyj (NYSE:NOK) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its holdings in shares of Nokia Oyj (NYSE:NOK) by 201.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 176,992 shares of the technology company’s stock after purchasing an additional 118,242 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Nokia Oyj were worth $784,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Checchi Capital Advisers LLC increased its position in shares of Nokia Oyj by 14.0% in the fourth quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company’s stock worth $91,000 after acquiring an additional 2,509 shares in the last quarter. PDS Planning Inc increased its holdings in Nokia Oyj by 10.4% in the 4th quarter. PDS Planning Inc now owns 28,304 shares of the technology company’s stock valued at $125,000 after purchasing an additional 2,665 shares in the last quarter. Orion Portfolio Solutions LLC raised its position in Nokia Oyj by 4.3% in the fourth quarter. Orion Portfolio Solutions LLC now owns 66,122 shares of the technology company’s stock valued at $293,000 after purchasing an additional 2,722 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Nokia Oyj by 3.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company’s stock worth $420,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in shares of Nokia Oyj by 5.1% in the third quarter. Captrust Financial Advisors now owns 70,778 shares of the technology company’s stock worth $309,000 after buying an additional 3,453 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NOK shares. StockNews.com downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. lowered their price objective on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research report on Friday, February 21st. The Goldman Sachs Group downgraded shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. Finally, Craig Hallum lifted their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Nokia Oyj currently has an average rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Stock Performance

Nokia Oyj stock opened at $4.63 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14. The stock has a 50 day moving average of $5.03 and a 200-day moving average of $4.66. The stock has a market cap of $25.22 billion, a P/E ratio of 18.50, a price-to-earnings-growth ratio of 6.43 and a beta of 0.97. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48.

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

Nokia Oyj Company 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.