Stratos Wealth Partners LTD. Has $344,000 Stock Holdings in Nokia Oyj (NYSE:NOK)

Stratos Wealth Partners LTD. trimmed its holdings in Nokia Oyj (NYSE:NOK) by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 100,645 shares of the technology company’s stock after selling 23,182 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Nokia Oyj were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $34,000. Paradigm Asset Management Co. LLC bought a new stake in Nokia Oyj in the 3rd quarter valued at about $37,000. Vontobel Holding Ltd. bought a new stake in Nokia Oyj in the 1st quarter valued at about $55,000. Crestwood Advisors Group LLC bought a new stake in Nokia Oyj in the 3rd quarter valued at about $37,000. Finally, AlphaQ Advisors LLC bought a new stake in Nokia Oyj in the 1st quarter valued at about $52,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Nokia Oyj Stock Performance

Shares of NOK opened at $3.33 on Monday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.41 and a current ratio of 1.66. The stock has a 50 day moving average price of $3.55 and a two-hundred day moving average price of $3.48. The firm has a market capitalization of $18.76 billion, a P/E ratio of 27.75, a P/E/G ratio of 0.93 and a beta of 1.09. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.97.

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

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.