Lake Street Advisors Group LLC Has $156,000 Stake in Nokia Oyj (NYSE:NOK)

Lake Street Advisors Group LLC increased its position in Nokia Oyj (NYSE:NOK) by 21.1% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 35,800 shares of the technology company’s stock after purchasing an additional 6,248 shares during the period. Lake Street Advisors Group LLC’s holdings in Nokia Oyj were worth $156,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pzena Investment Management LLC boosted its stake in Nokia Oyj by 22.3% in the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after purchasing an additional 15,035,360 shares during the period. Sei Investments Co. boosted its stake in shares of Nokia Oyj by 1.5% during the 1st quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock valued at $9,467,000 after buying an additional 40,264 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Nokia Oyj by 98.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock valued at $6,193,000 after buying an additional 867,297 shares during the period. Susquehanna International Securities Ltd. boosted its stake in shares of Nokia Oyj by 13.9% during the 1st quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock valued at $5,795,000 after buying an additional 199,590 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Nokia Oyj by 10.6% during the 2nd quarter. American Century Companies Inc. now owns 1,001,777 shares of the technology company’s stock valued at $3,787,000 after buying an additional 96,144 shares during the period. Institutional investors and hedge funds own 5.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Danske raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, October 18th. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 17th. StockNews.com cut shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Saturday. Northland Securities reiterated an “outperform” rating and issued a $6.50 price objective on shares of Nokia Oyj in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $4.36 to $4.35 and set a “neutral” rating for the company in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $4.56.

Nokia Oyj Stock Down 0.6 %

Nokia Oyj stock opened at $4.77 on Monday. The firm has a market cap of $26.34 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 6.07 and a beta of 1.12. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.82 and a quick ratio of 1.57. Nokia Oyj has a fifty-two week low of $2.94 and a fifty-two week high of $4.82. The firm has a fifty day moving average price of $4.36 and a two-hundred day moving average price of $3.98.

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.