SIH Partners LLLP Invests $616,000 in Nokia Oyj (NYSE:NOK)

SIH Partners LLLP bought a new position in shares of Nokia Oyj (NYSE:NOK) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 139,072 shares of the technology company’s stock, valued at approximately $616,000.

Several other institutional investors and hedge funds have also modified their holdings of NOK. FMR LLC increased its holdings in shares of Nokia Oyj by 62.3% during the fourth quarter. FMR LLC now owns 49,501,674 shares of the technology company’s stock worth $219,292,000 after purchasing an additional 19,004,399 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Nokia Oyj by 179.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 29,058,227 shares of the technology company’s stock valued at $128,728,000 after acquiring an additional 18,660,482 shares during the period. Dimensional Fund Advisors LP raised its stake in Nokia Oyj by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,384,925 shares of the technology company’s stock valued at $37,145,000 after purchasing an additional 57,615 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Nokia Oyj by 137.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,650,838 shares of the technology company’s stock worth $20,603,000 after buying an additional 2,691,546 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Nokia Oyj by 79.5% in the fourth quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company’s stock valued at $19,656,000 after acquiring an additional 1,965,187 shares during the last quarter. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on NOK. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price on the stock. in a report on Thursday, January 16th. Craig Hallum raised their price objective on Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. JPMorgan Chase & Co. lowered their target price on Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. Finally, StockNews.com upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $5.08 on Tuesday. The business’s 50-day moving average price is $5.08 and its 200-day moving average price is $4.71. Nokia Oyj has a 12 month low of $3.56 and a 12 month high of $5.48. 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 firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 20.32, a PEG ratio of 6.43 and a beta of 0.97.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that Nokia Oyj will post 0.34 EPS for the current 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.