Two Sigma Investments LP Reduces Holdings in Nokia (NOK)

Two Sigma Investments LP cut its stake in shares of Nokia (NYSE:NOK) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 961,186 shares of the technology company’s stock after selling 181,595 shares during the quarter. Two Sigma Investments LP’s holdings in Nokia were worth $4,479,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NOK. Advisors Asset Management Inc. grew its position in shares of Nokia by 27.1% during the third quarter. Advisors Asset Management Inc. now owns 405,267 shares of the technology company’s stock worth $2,423,000 after buying an additional 86,405 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Nokia by 10.9% during the third quarter. SG Americas Securities LLC now owns 356,888 shares of the technology company’s stock worth $2,134,000 after buying an additional 35,200 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Nokia by 8.2% during the third quarter. Ameriprise Financial Inc. now owns 562,821 shares of the technology company’s stock worth $3,365,000 after buying an additional 42,584 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Nokia by 29.5% during the third quarter. Pacer Advisors Inc. now owns 82,497 shares of the technology company’s stock worth $493,000 after buying an additional 18,780 shares in the last quarter. Finally, Tiedemann Wealth Management LLC acquired a new position in shares of Nokia during the third quarter worth about $114,000. 6.63% of the stock is owned by institutional investors and hedge funds.

Shares of Nokia stock opened at $5.46 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Nokia has a 52 week low of $4.51 and a 52 week high of $6.65. The firm has a market capitalization of $30,748.02, a P/E ratio of 14.37, a price-to-earnings-growth ratio of 2.39 and a beta of 1.05.

Nokia (NYSE:NOK) last issued its quarterly earnings data on Thursday, February 1st. The technology company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Nokia had a positive return on equity of 10.80% and a negative net margin of 6.37%. The company had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.41 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm’s revenue for the quarter was down .7% on a year-over-year basis. equities research analysts expect that Nokia will post 0.31 EPS for the current year.

NOK has been the subject of a number of analyst reports. BNP Paribas downgraded Nokia from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $5.00 to $3.90 in a research report on Monday, December 4th. Credit Suisse Group cut Nokia from an “outperform” rating to a “neutral” rating and boosted their target price for the stock from $4.89 to $5.00 in a research note on Friday, January 5th. Goldman Sachs restated a “neutral” rating on shares of Nokia in a research note on Thursday, January 18th. Vetr cut Nokia from a “strong-buy” rating to a “buy” rating and set a $5.54 target price for the company. in a research note on Monday, January 29th. Finally, Canaccord Genuity restated a “hold” rating and set a $6.00 target price on shares of Nokia in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.57.

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Nokia Company Profile

Nokia Corporation, together with its subsidiaries, provides network infrastructure and related services worldwide. The company operates through three segments: Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. It offers mobile networking solutions, such as hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals; radio access network solutions; Internet protocol multimedia subsystem/voice over LTE, subscriber data management and other virtualized software infrastructure solutions; backhaul solutions; and network planning, implementation, operations, and maintenance solutions.

Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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