TSP Capital Management Group LLC Grows Stake in Nokia Oyj (NYSE:NOK)

TSP Capital Management Group LLC raised its stake in Nokia Oyj (NYSE:NOK - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,272,942 shares of the technology company's stock after acquiring an additional 70,100 shares during the period. Nokia Oyj makes up 3.4% of TSP Capital Management Group LLC's portfolio, making the stock its 14th largest holding. TSP Capital Management Group LLC's holdings in Nokia Oyj were worth $10,069,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of NOK. GAMMA Investing LLC increased its holdings in shares of Nokia Oyj by 67.0% in the third quarter. GAMMA Investing LLC now owns 8,540 shares of the technology company's stock worth $37,000 after purchasing an additional 3,427 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Nokia Oyj in the 3rd quarter worth approximately $44,000. Foundations Investment Advisors LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter worth approximately $45,000. PEAK6 Investments LLC bought a new position in shares of Nokia Oyj during the 3rd quarter valued at approximately $45,000. Finally, Wedmont Private Capital purchased a new position in shares of Nokia Oyj in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 5.28% of the company's stock.

Nokia Oyj Trading Down 0.3 %

Nokia Oyj stock traded down $0.02 during midday trading on Tuesday, reaching $4.98. The stock had a trading volume of 16,834,066 shares, compared to its average volume of 19,138,627. Nokia Oyj has a 52-week low of $3.29 and a 52-week high of $5.06. The company has a fifty day moving average of $4.58 and a 200 day moving average of $4.41. The firm has a market cap of $27.13 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 6.17 and a beta of 1.06. 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 (NYSE:NOK - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping 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%. On average, analysts anticipate that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Craig Hallum increased their price objective 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. JPMorgan Chase & Co. raised shares of Nokia Oyj from a "neutral" rating to an "overweight" rating and increased their price target for the company from $4.35 to $6.35 in a report on Monday, December 9th. StockNews.com cut Nokia Oyj from a "strong-buy" rating to a "buy" rating in a research note on Monday, February 3rd. Finally, 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 research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Nokia Oyj currently has an average rating of "Moderate Buy" and an average target price of $5.86.

Nokia Oyj 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.