Savant Capital LLC Purchases New Holdings in Nokia Corporation $NOK

Savant Capital LLC acquired a new position in Nokia Corporation (NYSE:NOK) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 18,924 shares of the technology company’s stock, valued at approximately $98,000.

A number of other institutional investors and hedge funds have also modified their holdings of NOK. Wealthquest Corp acquired a new position in shares of Nokia in the first quarter valued at $27,000. Harbour Investments Inc. increased its holdings in Nokia by 7,046.5% in the 1st quarter. Harbour Investments Inc. now owns 5,074 shares of the technology company’s stock valued at $27,000 after buying an additional 5,003 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Nokia in the 2nd quarter valued at $34,000. Assetmark Inc. lifted its holdings in shares of Nokia by 763.7% during the 1st quarter. Assetmark Inc. now owns 8,240 shares of the technology company’s stock worth $43,000 after acquiring an additional 7,286 shares during the period. Finally, First Horizon Advisors Inc. boosted its position in shares of Nokia by 677.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 8,486 shares of the technology company’s stock valued at $44,000 after acquiring an additional 7,394 shares in the last quarter. 5.28% of the stock is currently owned by institutional investors.

Nokia Trading Up 1.2%

NOK stock opened at $5.94 on Friday. The business has a fifty day moving average price of $5.79 and a 200 day moving average price of $5.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.46 and a quick ratio of 1.21. Nokia Corporation has a fifty-two week low of $4.00 and a fifty-two week high of $8.19. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 33.00 and a beta of 0.84.

Nokia (NYSE:NOK) last announced its earnings results on Thursday, October 23rd. The technology company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Nokia had a return on equity of 8.31% and a net margin of 4.65%.The company had revenue of $5.61 billion for the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. Analysts expect that Nokia Corporation will post 0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NOK shares. Danske upgraded shares of Nokia from a “hold” rating to a “buy” rating in a research note on Friday. UBS Group restated a “neutral” rating on shares of Nokia in a research report on Tuesday, October 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of Nokia in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Nokia from $6.00 to $7.10 and gave the stock an “overweight” rating in a research note on Friday, October 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Nokia in a research note on Wednesday, October 15th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $5.97.

About Nokia

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.