Quantbot Technologies LP Invests $2.12 Million in Nokia Oyj (NYSE:NOK)

Quantbot Technologies LP acquired a new position in shares of Nokia Oyj (NYSE:NOK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 477,713 shares of the technology company's stock, valued at approximately $2,116,000.

Several other hedge funds also recently modified their holdings of NOK. FMR LLC boosted its position in shares of Nokia Oyj by 1,012.3% during the 3rd quarter. FMR LLC now owns 30,497,275 shares of the technology company's stock worth $133,273,000 after purchasing an additional 27,755,460 shares in the last quarter. TSP Capital Management Group LLC grew its stake in Nokia Oyj by 3.2% in the fourth quarter. TSP Capital Management Group LLC now owns 2,272,942 shares of the technology company's stock valued at $10,069,000 after acquiring an additional 70,100 shares during the period. Talos Asset Management LP bought a new stake in shares of Nokia Oyj during the fourth quarter valued at approximately $9,147,000. Waterfront Wealth Inc. raised its position in shares of Nokia Oyj by 1.6% during the fourth quarter. Waterfront Wealth Inc. now owns 777,048 shares of the technology company's stock worth $3,442,000 after purchasing an additional 12,034 shares during the period. Finally, Leuthold Group LLC bought a new position in shares of Nokia Oyj in the 4th quarter worth $3,404,000. Institutional investors own 5.28% of the company's stock.

Nokia Oyj Stock Performance

Shares of Nokia Oyj stock traded down $0.07 during mid-day trading on Thursday, hitting $5.20. 22,324,614 shares of the stock were exchanged, compared to its average volume of 17,016,852. Nokia Oyj has a 12 month low of $3.29 and a 12 month high of $5.48. The company has a 50-day simple moving average of $4.93 and a 200 day simple moving average of $4.61. The company has a market capitalization of $28.33 billion, a P/E ratio of 20.78, a P/E/G ratio of 6.43 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.39 and a current ratio of 1.58.

Nokia Oyj (NYSE:NOK - Get Free Report) last posted 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 return on equity of 10.30% and a net margin of 6.54%. Sell-side analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on NOK shares. StockNews.com downgraded shares of Nokia Oyj from a "strong-buy" rating to a "buy" rating in a report on Monday, February 3rd. Craig Hallum raised their price target on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a "buy" rating in a research report on Monday, January 6th. The Goldman Sachs Group lowered Nokia Oyj from a "neutral" rating to a "sell" rating and set a $3.60 price objective for the company. in a report on Thursday, January 16th. Finally, 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.