American Asset Management Inc. Has $226,000 Position in Nokia Oyj (NOK)

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American Asset Management Inc. lifted its stake in shares of Nokia Oyj (NYSE:NOK) by 8.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 38,866 shares of the technology company’s stock after buying an additional 3,000 shares during the period. American Asset Management Inc.’s holdings in Nokia Oyj were worth $226,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in NOK. Mackenzie Financial Corp boosted its position in shares of Nokia Oyj by 29.3% during the third quarter. Mackenzie Financial Corp now owns 32,166,684 shares of the technology company’s stock valued at $179,490,000 after buying an additional 7,296,372 shares during the last quarter. Levin Capital Strategies L.P. boosted its position in shares of Nokia Oyj by 13.1% during the third quarter. Levin Capital Strategies L.P. now owns 35,115,138 shares of the technology company’s stock valued at $195,942,000 after buying an additional 4,079,776 shares during the last quarter. Kirr Marbach & Co. LLC IN purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $7,142,000. Folketrygdfondet boosted its position in shares of Nokia Oyj by 5.0% during the third quarter. Folketrygdfondet now owns 24,195,490 shares of the technology company’s stock valued at $135,011,000 after buying an additional 1,150,488 shares during the last quarter. Finally, Selz Capital LLC purchased a new position in shares of Nokia Oyj during the fourth quarter valued at approximately $6,402,000. 6.59% of the stock is currently owned by institutional investors.

NOK stock opened at $6.21 on Tuesday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.29. Nokia Oyj has a 1-year low of $5.07 and a 1-year high of $6.65. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 23.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.39.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 31st. The technology company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.01. Nokia Oyj had a positive return on equity of 8.03% and a negative net margin of 1.58%. The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.61 billion. As a group, research analysts predict that Nokia Oyj will post 0.3 earnings per share for the current year.

Several research analysts have weighed in on NOK shares. Zacks Investment Research raised Nokia Oyj from a “hold” rating to a “buy” rating and set a $6.25 price objective on the stock in a research report on Wednesday, October 24th. Canaccord Genuity raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Raymond James raised Nokia Oyj from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $4.75 to $7.50 in a research report on Tuesday, January 8th. ValuEngine raised Nokia Oyj from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, DNB Markets raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Nokia Oyj has an average rating of “Hold” and a consensus target price of $6.81.

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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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