Nokia Corporation $NOK Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its holdings in shares of Nokia Corporation (NYSE:NOK) by 10.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,561 shares of the technology company’s stock after buying an additional 3,065 shares during the period. Concurrent Investment Advisors LLC’s holdings in Nokia were worth $169,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NOK. Farther Finance Advisors LLC lifted its position in Nokia by 58.4% in the first quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company’s stock worth $38,000 after purchasing an additional 2,651 shares during the period. GAMMA Investing LLC raised its stake in Nokia by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 18,302 shares of the technology company’s stock valued at $96,000 after purchasing an additional 4,853 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Nokia by 36.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 89,678 shares of the technology company’s stock valued at $473,000 after purchasing an additional 24,056 shares during the period. Sowell Financial Services LLC acquired a new stake in Nokia during the 1st quarter valued at $91,000. Finally, Blue Trust Inc. raised its stake in Nokia by 25.0% during the 1st quarter. Blue Trust Inc. now owns 50,226 shares of the technology company’s stock valued at $265,000 after purchasing an additional 10,033 shares during the period. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Stock Down 2.1%

NOK stock opened at $5.59 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. Nokia Corporation has a 52-week low of $3.91 and a 52-week high of $5.79. The company has a 50-day moving average of $4.72 and a two-hundred day moving average of $4.88. The stock has a market capitalization of $30.08 billion, a price-to-earnings ratio of 27.95 and a beta of 0.85.

Nokia (NYSE:NOK) last released its quarterly earnings results on Thursday, July 24th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Nokia had a net margin of 5.30% and a return on equity of 8.36%. The firm had revenue of $5.34 billion for the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.06 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. As a group, equities research analysts anticipate that Nokia Corporation will post 0.34 EPS for the current year.

Analyst Upgrades and Downgrades

NOK has been the topic of several recent analyst reports. BNP Paribas raised shares of Nokia from a “hold” rating to an “outperform” rating and set a $5.00 target price on the stock in a research note on Wednesday, September 3rd. BNP Paribas Exane raised shares of Nokia from a “neutral” rating to an “outperform” rating and set a $5.00 price target on the stock in a research note on Wednesday, September 3rd. JPMorgan Chase & Co. dropped their price target on shares of Nokia from $6.50 to $6.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 29th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Nokia in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research note on Wednesday, October 15th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nokia has an average rating of “Moderate Buy” and a consensus price target of $5.32.

Nokia 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.