56,548 Shares in Nokia Oyj (NYSE:NOK) Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC bought a new position in Nokia Oyj (NYSE:NOK) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,548 shares of the technology company’s stock, valued at approximately $206,000.

Several other hedge funds have also modified their holdings of the stock. Truist Financial Corp boosted its position in shares of Nokia Oyj by 15.7% in the second quarter. Truist Financial Corp now owns 19,990 shares of the technology company’s stock worth $76,000 after acquiring an additional 2,710 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Nokia Oyj by 31.8% in the second quarter. B. Riley Wealth Advisors Inc. now owns 15,209 shares of the technology company’s stock worth $57,000 after acquiring an additional 3,669 shares during the last quarter. Creative Planning boosted its position in shares of Nokia Oyj by 11.3% in the second quarter. Creative Planning now owns 333,066 shares of the technology company’s stock worth $1,259,000 after acquiring an additional 33,745 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Nokia Oyj in the second quarter worth approximately $1,240,000. Finally, AQR Capital Management LLC boosted its position in shares of Nokia Oyj by 871.4% in the second quarter. AQR Capital Management LLC now owns 165,810 shares of the technology company’s stock worth $627,000 after acquiring an additional 148,741 shares during the last quarter. 5.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NOK. Craig Hallum raised shares of Nokia Oyj from a “hold” rating to a “strong-buy” rating in a research report on Thursday. Northland Securities restated an “outperform” rating and issued a $6.50 price target on shares of Nokia Oyj in a report on Friday. StockNews.com upgraded shares of Nokia Oyj from a “buy” rating to a “strong-buy” rating in a report on Friday. Finally, Danske upgraded shares of Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.54.

Nokia Oyj Trading Up 9.4 %

NOK opened at $4.75 on Monday. The firm has a market capitalization of $26.23 billion, a P/E ratio of 29.69, a P/E/G ratio of 5.47 and a beta of 1.12. The firm’s 50 day moving average is $4.28 and its 200-day moving average is $3.94. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.78. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13.

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 analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $4.81 billion for the quarter, compared to analyst estimates of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. Analysts expect that Nokia Oyj will post 0.36 EPS for the current fiscal year.

Nokia Oyj 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.