Hantz Financial Services Inc. Increases Stock Holdings in Nokia Corporation $NOK

Hantz Financial Services Inc. increased its holdings in Nokia Corporation (NYSE:NOK) by 111.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 124,778 shares of the technology company’s stock after acquiring an additional 65,656 shares during the quarter. Hantz Financial Services Inc.’s holdings in Nokia were worth $807,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NOK. Arrowstreet Capital Limited Partnership lifted its stake in Nokia by 50.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after acquiring an additional 14,482,665 shares during the period. Thrivent Financial for Lutherans lifted its stake in Nokia by 35,010.3% in the third quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock worth $60,871,000 after acquiring an additional 12,619,099 shares during the period. Pzena Investment Management LLC lifted its stake in Nokia by 17.0% in the third quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock worth $386,387,000 after acquiring an additional 11,667,677 shares during the period. ARGA Investment Management LP purchased a new position in Nokia during the fourth quarter valued at $49,523,000. Finally, Folketrygdfondet lifted its position in Nokia by 66.6% during the third quarter. Folketrygdfondet now owns 17,380,530 shares of the technology company’s stock valued at $83,600,000 after buying an additional 6,950,487 shares during the period. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Price Performance

NYSE NOK opened at $15.28 on Friday. Nokia Corporation has a one year low of $4.00 and a one year high of $16.63. The stock has a 50-day moving average of $11.19 and a 200 day moving average of $8.37. The company has a market capitalization of $87.71 billion, a price-to-earnings ratio of 95.47, a PEG ratio of 3.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.36 and a current ratio of 1.57.

Nokia (NYSE:NOK) last released its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%.The company had revenue of $5.21 billion during the quarter. On average, sell-side analysts forecast that Nokia Corporation will post 0.4 EPS for the current year.

Analyst Ratings Changes

NOK has been the subject of a number of recent research reports. Wall Street Zen cut Nokia from a “buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Northland Securities set a $13.00 price target on Nokia in a research report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Santander raised Nokia from a “neutral” rating to an “outperform” rating in a research report on Monday, February 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Nokia has a consensus rating of “Moderate Buy” and an average target price of $9.71.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.