SIH Partners LLLP Makes New Investment in Nokia Oyj (NYSE:NOK)

SIH Partners LLLP purchased a new stake in Nokia Oyj (NYSE:NOK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 139,072 shares of the technology company's stock, valued at approximately $616,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC grew its position in shares of Nokia Oyj by 62.3% in the 4th quarter. FMR LLC now owns 49,501,674 shares of the technology company's stock valued at $219,292,000 after buying an additional 19,004,399 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Nokia Oyj by 179.5% in the fourth 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 in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Nokia Oyj by 0.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 8,384,925 shares of the technology company's stock worth $37,145,000 after purchasing an additional 57,615 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of 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 purchasing an additional 2,691,546 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Nokia Oyj by 79.5% during the 4th quarter. Sei Investments Co. now owns 4,437,084 shares of the technology company's stock worth $19,656,000 after buying an additional 1,965,187 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company's stock.

Nokia Oyj Stock Performance

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

Nokia Oyj (NYSE:NOK - Get Free Report) last released 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 business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.47 billion. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. Sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NOK. StockNews.com upgraded Nokia Oyj from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. Craig Hallum increased 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. JPMorgan Chase & Co. dropped their price objective 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. Finally, 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. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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.