Mackenzie Financial Corp increased its position in shares of Nokia Corporation (NYSE:NOK) by 25.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 169,586 shares of the technology company’s stock after buying an additional 34,394 shares during the period. Mackenzie Financial Corp’s holdings in Nokia Corporation were worth $982,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Court Place Advisors LLC raised its stake in shares of Nokia Corporation by 0.4% in the third quarter. Court Place Advisors LLC now owns 31,249 shares of the technology company’s stock worth $181,000 after buying an additional 133 shares during the period. Investors Asset Management of Georgia Inc. GA ADV raised its stake in shares of Nokia Corporation by 2.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 65,997 shares of the technology company’s stock worth $382,000 after buying an additional 1,875 shares during the period. First New York Securities LLC NY bought a new stake in shares of Nokia Corporation during the third quarter worth about $290,000. Financial & Investment Management Group Ltd. bought a new stake in shares of Nokia Corporation during the third quarter worth about $4,788,000. Finally, BLB&B Advisors LLC raised its stake in shares of Nokia Corporation by 19.8% in the third quarter. BLB&B Advisors LLC now owns 52,708 shares of the technology company’s stock worth $305,000 after buying an additional 8,711 shares during the period. 5.71% of the stock is owned by institutional investors and hedge funds.
Nokia Corporation (NYSE:NOK) traded down 0.20% during mid-day trading on Friday, hitting $4.88. The stock had a trading volume of 6,968,624 shares. Nokia Corporation has a one year low of $4.04 and a one year high of $6.31. The firm’s 50-day moving average price is $4.77 and its 200 day moving average price is $5.06. The company’s market cap is $27.92 billion.
Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, February 2nd. The technology company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. The business earned $6.72 billion during the quarter, compared to the consensus estimate of $7.35 billion. Nokia Corporation had a positive return on equity of 6.17% and a negative net margin of 2.96%. The business’s quarterly revenue was down 13.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 EPS. On average, equities research analysts anticipate that Nokia Corporation will post $0.24 EPS for the current year.
A number of brokerages have issued reports on NOK. BNP Paribas reaffirmed a “buy” rating on shares of Nokia Corporation in a report on Saturday, October 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of Nokia Corporation in a report on Friday, December 23rd. Barclays PLC reaffirmed a “buy” rating on shares of Nokia Corporation in a report on Tuesday, January 10th. Vetr raised shares of Nokia Corporation from a “buy” rating to a “strong-buy” rating and set a $5.43 price objective for the company in a report on Thursday, December 29th. Finally, Oppenheimer Holdings, Inc. lowered shares of Nokia Corporation from an “outperform” rating to a “market perform” rating and set a $7.00 price objective for the company. in a report on Tuesday, January 3rd. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $9.66.
About Nokia Corporation
Nokia Corporation is a global provider of network infrastructure and related services, with a focus on mobile broadband, as well as advanced technology development and licensing. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Mobile Broadband, Global Services, Nokia Networks Other and Nokia Technologies.
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