Guggenheim Capital LLC Raises Stock Position in Nokia Oyj (NYSE:NOK)

Guggenheim Capital LLC lifted its holdings in Nokia Oyj (NYSE:NOK - Free Report) by 141.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 188,456 shares of the technology company's stock after purchasing an additional 110,351 shares during the period. Guggenheim Capital LLC's holdings in Nokia Oyj were worth $835,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the fourth quarter worth $45,000. D.A. Davidson & CO. acquired a new position in Nokia Oyj during the 4th quarter worth $46,000. Wedmont Private Capital purchased a new stake in Nokia Oyj during the 4th quarter worth about $47,000. Wealthstream Advisors Inc. purchased a new position in shares of Nokia Oyj in the 4th quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nokia Oyj during the fourth quarter worth about $58,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NOK. 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 report on Thursday, January 16th. StockNews.com raised shares of Nokia Oyj from a "hold" rating to a "buy" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their target price on Nokia Oyj from $6.35 to $6.30 and set an "overweight" rating on the stock in a report on Friday, February 21st. Finally, Craig Hallum lifted their price target on Nokia Oyj from $6.00 to $7.00 and gave the stock a "buy" rating in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $5.85.

Nokia Oyj Price Performance

Shares of NYSE:NOK opened at $5.33 on Thursday. 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 12 month low of $3.57 and a 12 month high of $5.48. The firm has a market capitalization of $29.05 billion, a P/E ratio of 21.31, a P/E/G ratio of 6.43 and a beta of 0.97. The company's fifty day moving average price is $5.09 and its 200 day moving average price is $4.72.

Nokia Oyj (NYSE:NOK - Get Free Report) last announced its earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.05. Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. As a group, sell-side analysts predict that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

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.

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