O Shaughnessy Asset Management LLC reduced its stake in shares of Nokia Oyj (NYSE:NOK) by 35.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,442 shares of the technology company’s stock after selling 16,622 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Nokia Oyj were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Trellus Management Company LLC bought a new stake in Nokia Oyj in the third quarter worth $446,000. Janney Montgomery Scott LLC bought a new stake in Nokia Oyj in the third quarter worth $927,000. Cambridge Investment Research Advisors Inc. lifted its position in Nokia Oyj by 31.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 40,077 shares of the technology company’s stock worth $224,000 after buying an additional 9,657 shares during the last quarter. Comerica Bank lifted its position in Nokia Oyj by 5.6% in the third quarter. Comerica Bank now owns 343,524 shares of the technology company’s stock worth $1,906,000 after buying an additional 18,197 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in Nokia Oyj by 30.7% in the third quarter. Private Advisor Group LLC now owns 239,771 shares of the technology company’s stock worth $1,338,000 after buying an additional 56,389 shares during the last quarter. 6.96% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently issued reports on NOK. BMO Capital Markets restated a “hold” rating and issued a $5.00 price target on shares of Nokia Oyj in a research report on Thursday, July 26th. Zacks Investment Research downgraded Nokia Oyj from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Nordea Equity Research upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Exane BNP Paribas downgraded Nokia Oyj from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 19th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.92.

NYSE:NOK opened at $5.81 on Monday. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.41. The firm has a market cap of $32.72 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 2.42 and a beta of 0.65. The company has a quick ratio of 1.05, a current ratio of 1.29 and a debt-to-equity ratio of 0.18.

Nokia Oyj (NYSE:NOK) last released its earnings results on Thursday, October 25th. The technology company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 4.12%. The business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.56 billion. On average, sell-side analysts anticipate that Nokia Oyj will post 0.26 earnings per share for the current year.

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Nokia Oyj Profile

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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Institutional Ownership by Quarter for Nokia Oyj (NYSE:NOK)

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