Searle & CO. Invests $107,000 in Nokia Oyj (NYSE:NOK)

Searle & CO. acquired a new stake in Nokia Oyj (NYSE:NOK) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 28,223 shares of the technology company’s stock, valued at approximately $107,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NOK. Forum Financial Management LP lifted its holdings in shares of Nokia Oyj by 109.4% in the second quarter. Forum Financial Management LP now owns 100,045 shares of the technology company’s stock valued at $378,000 after purchasing an additional 52,257 shares in the last quarter. Signaturefd LLC lifted its stake in Nokia Oyj by 11.6% in the 2nd quarter. Signaturefd LLC now owns 101,999 shares of the technology company’s stock valued at $386,000 after acquiring an additional 10,580 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Nokia Oyj during the 2nd quarter worth approximately $40,000. Checchi Capital Advisers LLC grew its stake in shares of Nokia Oyj by 39.0% during the 2nd quarter. Checchi Capital Advisers LLC now owns 13,911 shares of the technology company’s stock worth $53,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its holdings in shares of Nokia Oyj by 122.5% in the second quarter. Atomi Financial Group Inc. now owns 29,315 shares of the technology company’s stock valued at $111,000 after purchasing an additional 16,139 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Stock Down 0.4 %

Shares of Nokia Oyj stock traded down $0.02 on Friday, reaching $4.46. 28,292,032 shares of the company were exchanged, compared to its average volume of 14,222,084. Nokia Oyj has a one year low of $2.94 and a one year high of $4.52. The company has a current ratio of 1.82, a quick ratio of 1.57 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $3.90 and a 200 day moving average of $3.74. The company has a market capitalization of $24.63 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 4.79 and a beta of 1.12.

Nokia Oyj (NYSE:NOK) last announced its quarterly earnings results on Thursday, July 18th. The technology company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. On average, equities research analysts forecast that Nokia Oyj will post 0.37 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.89.

Nokia Oyj Company 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.