Yousif Capital Management LLC Has $499,000 Stock Position in Nokia Corporation $NOK

Yousif Capital Management LLC increased its holdings in shares of Nokia Corporation (NYSE:NOK) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 96,370 shares of the technology company’s stock after purchasing an additional 10,255 shares during the period. Yousif Capital Management LLC’s holdings in Nokia were worth $499,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. ICONIQ Capital LLC grew its stake in Nokia by 5.7% during the first quarter. ICONIQ Capital LLC now owns 40,797 shares of the technology company’s stock worth $215,000 after purchasing an additional 2,205 shares during the period. Allworth Financial LP grew its stake in Nokia by 16.0% during the first quarter. Allworth Financial LP now owns 16,308 shares of the technology company’s stock worth $79,000 after purchasing an additional 2,248 shares during the period. Capital Investment Counsel Inc grew its stake in Nokia by 11.0% in the first quarter. Capital Investment Counsel Inc now owns 24,247 shares of the technology company’s stock valued at $128,000 after acquiring an additional 2,400 shares during the period. National Bank of Canada FI grew its stake in Nokia by 5.0% in the first quarter. National Bank of Canada FI now owns 50,603 shares of the technology company’s stock valued at $266,000 after acquiring an additional 2,425 shares during the period. Finally, GAMMA Investing LLC grew its stake in Nokia by 15.9% in the second quarter. GAMMA Investing LLC now owns 21,203 shares of the technology company’s stock valued at $110,000 after acquiring an additional 2,901 shares during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.

Analyst Ratings Changes

NOK has been the subject of a number of research reports. Raymond James Financial reissued an “outperform” rating on shares of Nokia in a research note on Thursday. JPMorgan Chase & Co. reduced their price objective on Nokia from $6.50 to $6.00 and set an “overweight” rating for the company in a research note on Tuesday, July 29th. Weiss Ratings reissued a “hold (c)” rating on shares of Nokia in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Nokia in a research note on Wednesday, October 15th. Finally, BNP Paribas raised Nokia from a “hold” rating to an “outperform” rating and set a $5.00 price objective for the company in a research note on Wednesday, September 3rd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nokia has a consensus rating of “Moderate Buy” and an average target price of $5.32.

Nokia Stock Up 11.2%

NOK stock opened at $6.17 on Friday. Nokia Corporation has a twelve month low of $3.91 and a twelve month high of $6.23. The company has a quick ratio of 1.21, a current ratio of 1.46 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $4.79 and its 200-day moving average is $4.89. The firm has a market capitalization of $33.22 billion, a PE ratio of 30.87 and a beta of 0.85.

Nokia (NYSE:NOK) last posted its earnings results on Thursday, July 24th. The technology company reported $0.05 earnings per share 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 company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the business earned $0.06 EPS. The firm’s revenue for the quarter was up 1.8% compared to the same quarter last year. Sell-side analysts expect that Nokia Corporation will post 0.34 EPS for the current fiscal year.

About Nokia

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.