Talos Asset Management LP Takes $9.15 Million Position in Nokia Oyj (NYSE:NOK)

Talos Asset Management LP purchased a new stake in Nokia Oyj (NYSE:NOK) in the 4th quarter, Holdings Channel.com reports. The firm purchased 2,064,700 shares of the technology company’s stock, valued at approximately $9,147,000. Nokia Oyj makes up 2.2% of Talos Asset Management LP’s holdings, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also modified their holdings of NOK. PEAK6 Investments LLC acquired a new position in shares of Nokia Oyj in the 3rd quarter valued at about $45,000. Foundations Investment Advisors LLC acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $45,000. D.A. Davidson & CO. acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $46,000. Wedmont Private Capital acquired a new position in shares of Nokia Oyj in the 4th quarter valued at about $47,000. Finally, Wealthstream Advisors Inc. acquired a new position in Nokia Oyj during the 4th quarter valued at about $49,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Oyj Stock Down 1.2 %

NOK stock opened at $5.36 on Thursday. Nokia Oyj has a 52 week low of $3.29 and a 52 week high of $5.48. The company has a market capitalization of $29.20 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 6.43 and a beta of 1.11. The firm’s 50-day moving average is $4.85 and its two-hundred day moving average is $4.57. The company has a current ratio of 1.58, a quick ratio of 1.39 and a debt-to-equity ratio of 0.14.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, January 30th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.05. Nokia Oyj had a net margin of 6.54% and a return on equity of 10.30%. On average, analysts forecast that Nokia Oyj will post 0.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on NOK shares. StockNews.com lowered shares of Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 3rd. The Goldman Sachs Group lowered shares of Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 target price for the company. in a research note on Thursday, January 16th. Craig Hallum boosted their target price on shares of Nokia Oyj from $6.00 to $7.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating for the company in a research note on Friday, February 21st. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Moderate Buy” and an average price target of $5.85.

Nokia Oyj Company 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.