Schechter Investment Advisors LLC trimmed its holdings in Nokia Oyj (NYSE:NOK – Free Report) by 11.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,572 shares of the technology company’s stock after selling 3,084 shares during the period. Schechter Investment Advisors LLC’s holdings in Nokia Oyj were worth $121,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of NOK. CIBC Private Wealth Group LLC purchased a new position in Nokia Oyj during the 4th quarter valued at about $8,551,000. Profund Advisors LLC grew its position in shares of Nokia Oyj by 14.3% during the 4th quarter. Profund Advisors LLC now owns 88,401 shares of the technology company’s stock valued at $410,000 after purchasing an additional 11,086 shares in the last quarter. MAI Capital Management purchased a new position in shares of Nokia Oyj during the 4th quarter valued at $141,000. Cedar Brook Financial Partners LLC purchased a new position in shares of Nokia Oyj during the 1st quarter valued at $65,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Nokia Oyj during the 1st quarter valued at $349,000. 6.51% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently commented on NOK shares. StockNews.com lowered shares of Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. Northland Securities cut their target price on shares of Nokia Oyj from $7.00 to $6.00 in a research report on Monday. Raymond James cut their target price on shares of Nokia Oyj from $7.00 to $6.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. Finally, TheStreet lowered shares of Nokia Oyj from a “b-” rating to a “c+” rating in a research report on Monday, June 12th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Nokia Oyj has an average rating of “Hold” and a consensus price target of $5.76.
Nokia Oyj Price Performance
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Thursday, July 20th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Nokia Oyj had a net margin of 16.78% and a return on equity of 11.57%. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities analysts anticipate that Nokia Oyj will post 0.43 earnings per share for the current 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. It offers products and services for radio access networks and microwave radio links for transport networks, and solutions for network management, as well as network planning, optimization, network deployment, and technical support services.
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