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 - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 139,072 shares of the technology company's stock, valued at approximately $616,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of NOK. Checchi Capital Advisers LLC boosted its holdings in shares of Nokia Oyj by 14.0% during the 4th quarter. Checchi Capital Advisers LLC now owns 20,442 shares of the technology company's stock worth $91,000 after purchasing an additional 2,509 shares during the last quarter. PDS Planning Inc increased its position in Nokia Oyj by 10.4% during the fourth quarter. PDS Planning Inc now owns 28,304 shares of the technology company's stock worth $125,000 after purchasing an additional 2,665 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Nokia Oyj by 4.3% in the 4th 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 last quarter. PNC Financial Services Group Inc. lifted its holdings in Nokia Oyj by 3.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 94,906 shares of the technology company's stock valued at $420,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Nokia Oyj by 7.0% in the fourth quarter. Ballentine Partners LLC now owns 58,540 shares of the technology company's stock valued at $259,000 after purchasing an additional 3,808 shares during the period. 5.28% of the stock is owned by hedge funds and other institutional investors.

Nokia Oyj Stock Up 2.7 %

Nokia Oyj stock traded up $0.13 during midday trading on Friday, reaching $4.99. The company's stock had a trading volume of 20,965,142 shares, compared to its average volume of 17,768,904. The company has a quick ratio of 1.39, a current ratio of 1.58 and a debt-to-equity ratio of 0.14. Nokia Oyj has a fifty-two week low of $3.57 and a fifty-two week high of $5.48. The company has a market cap of $27.21 billion, a P/E ratio of 19.96, a P/E/G ratio of 6.43 and a beta of 0.97. The business has a 50-day simple moving average of $5.09 and a 200-day simple moving average of $4.72.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted its earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). The company had revenue of $4.98 billion during the quarter, compared to analysts' expectations of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, research analysts expect that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NOK has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut shares of Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 target price on the stock. in a research report on Thursday, January 16th. StockNews.com raised Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Craig Hallum lifted their target price on Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. cut their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.85.

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.