Prime Capital Investment Advisors LLC Acquires New Shares in Nokia Oyj (NYSE:NOK)

Prime Capital Investment Advisors LLC acquired a new stake in shares of Nokia Oyj (NYSE:NOK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,419 shares of the technology company’s stock, valued at approximately $42,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. bought a new position in shares of Nokia Oyj in the fourth quarter worth $34,000. Paradigm Asset Management Co. LLC bought a new position in shares of Nokia Oyj in the third quarter worth $37,000. Crestwood Advisors Group LLC bought a new position in shares of Nokia Oyj in the third quarter worth $37,000. Allworth Financial LP grew its stake in shares of Nokia Oyj by 236.0% in the third quarter. Allworth Financial LP now owns 11,382 shares of the technology company’s stock worth $43,000 after purchasing an additional 7,995 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in shares of Nokia Oyj in the third quarter worth $45,000. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays cut Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. The Goldman Sachs Group lowered Nokia Oyj from a “buy” rating to a “neutral” rating and cut their price objective for the company from $5.10 to $3.40 in a report on Monday, December 18th. Finally, BNP Paribas started coverage on Nokia Oyj in a report on Friday, January 12th. They issued a “neutral” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.06.

Nokia Oyj Trading Down 2.6 %

Shares of Nokia Oyj stock opened at $3.33 on Monday. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.97. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 27.75, a price-to-earnings-growth ratio of 0.93 and a beta of 1.09. The company has a quick ratio of 1.41, a current ratio of 1.66 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $3.55 and a 200-day simple moving average of $3.48.

Nokia Oyj (NYSE:NOK) last announced its earnings results on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 2.99% and a return on equity of 7.60%. The company had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.66 billion. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities analysts forecast that Nokia Oyj will post 0.38 EPS 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.