MQS Management LLC Invests $93,000 in Nokia Oyj (NYSE:NOK)

MQS Management LLC acquired a new stake in Nokia Oyj (NYSE:NOK) during the 2nd quarter, HoldingsChannel reports. The firm acquired 24,508 shares of the technology company’s stock, valued at approximately $93,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Artisan Partners Limited Partnership lifted its position in shares of Nokia Oyj by 5.0% during the 4th quarter. Artisan Partners Limited Partnership now owns 106,769,682 shares of the technology company’s stock valued at $365,152,000 after buying an additional 5,087,927 shares during the last quarter. Pzena Investment Management LLC raised 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 valued at $311,943,000 after acquiring an additional 15,035,360 shares during the period. Sei Investments Co. lifted its holdings in Nokia Oyj by 1.5% during the first quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock valued at $9,467,000 after purchasing an additional 40,264 shares during the last quarter. TSP Capital Management Group LLC boosted its position in Nokia Oyj by 89.2% during the first quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 1,027,600 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Nokia Oyj by 98.3% in the first quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after purchasing an additional 867,297 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Northland Securities reaffirmed an “outperform” rating and issued a $6.50 price objective (up from $6.00) on shares of Nokia Oyj in a report on Wednesday, September 4th. StockNews.com lowered Nokia Oyj from a “strong-buy” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Nokia Oyj has an average rating of “Hold” and an average target price of $4.54.

Nokia Oyj Stock Performance

NYSE NOK opened at $4.28 on Friday. The company’s 50 day simple moving average is $4.04 and its two-hundred day simple moving average is $3.82. The stock has a market capitalization of $23.64 billion, a PE ratio of 26.75, a P/E/G ratio of 5.13 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 1 year low of $2.94 and a 1 year high of $4.52.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $4.81 billion during the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a return on equity of 7.98% and a net margin of 1.95%. Analysts predict that Nokia Oyj will post 0.36 earnings per share for the current fiscal year.

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.