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

TSP Capital Management Group LLC grew its holdings in Nokia Oyj (NYSE:NOK) by 3.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,272,942 shares of the technology company’s stock after acquiring an additional 70,100 shares during the period. Nokia Oyj comprises about 3.4% of TSP Capital Management Group LLC’s investment portfolio, making the stock its 14th biggest position. TSP Capital Management Group LLC’s holdings in Nokia Oyj were worth $10,069,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Pzena Investment Management LLC lifted its position in shares of Nokia Oyj by 10.0% in the third quarter. Pzena Investment Management LLC now owns 90,785,960 shares of the technology company’s stock valued at $396,735,000 after acquiring an additional 8,261,407 shares in the last quarter. FMR LLC lifted its position in shares of Nokia Oyj by 1,012.3% in the third quarter. FMR LLC now owns 30,497,275 shares of the technology company’s stock valued at $133,273,000 after acquiring an additional 27,755,460 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Nokia Oyj by 2,505.3% in the third quarter. JPMorgan Chase & Co. now owns 730,311 shares of the technology company’s stock valued at $3,191,000 after acquiring an additional 702,279 shares in the last quarter. QRG Capital Management Inc. lifted its position in shares of Nokia Oyj by 92.8% in the third quarter. QRG Capital Management Inc. now owns 531,722 shares of the technology company’s stock valued at $2,324,000 after acquiring an additional 255,893 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Nokia Oyj by 1.2% in the third quarter. Franklin Resources Inc. now owns 439,818 shares of the technology company’s stock valued at $1,935,000 after acquiring an additional 5,190 shares in the last quarter. 5.28% of the stock is currently owned by hedge funds and other institutional investors.

Nokia Oyj Trading Down 0.5 %

Shares of NYSE NOK opened at $4.99 on Friday. The business’s 50 day moving average is $4.54 and its two-hundred day moving average is $4.39. 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 1-year low of $3.29 and a 1-year high of $5.01. The stock has a market capitalization of $27.18 billion, a P/E ratio of 19.94, a PEG ratio of 6.17 and a beta of 1.06.

Nokia Oyj (NYSE:NOK) last issued 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%. As a group, research analysts expect that Nokia Oyj will post 0.34 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on NOK. JPMorgan Chase & Co. upgraded Nokia Oyj from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $4.35 to $6.35 in a research report on Monday, December 9th. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 target price on shares of Nokia Oyj in a report on Friday, October 18th. Danske raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, October 18th. Craig Hallum lifted their target price on Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, The Goldman Sachs Group cut 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. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Nokia Oyj currently has a consensus rating of “Moderate Buy” and a consensus price target 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.