Nokia Corporation (NOK) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its stake in shares of Nokia Corporation (NYSE:NOK) by 81.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,203 shares of the technology company’s stock after selling 90,343 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Nokia were worth $127,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its position in Nokia by 1.7% during the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the technology company’s stock worth $323,000 after purchasing an additional 900 shares during the period. Cutter & CO Brokerage Inc. boosted its position in shares of Nokia by 8.5% in the second quarter. Cutter & CO Brokerage Inc. now owns 22,993 shares of the technology company’s stock valued at $142,000 after acquiring an additional 1,801 shares during the period. American Asset Management Inc. boosted its position in shares of Nokia by 7.2% in the second quarter. American Asset Management Inc. now owns 55,477 shares of the technology company’s stock valued at $342,000 after acquiring an additional 3,717 shares during the period. CIBC World Markets Inc. boosted its position in shares of Nokia by 26.7% in the second quarter. CIBC World Markets Inc. now owns 26,594 shares of the technology company’s stock valued at $164,000 after acquiring an additional 5,610 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Nokia by 9.0% in the second quarter. PNC Financial Services Group Inc. now owns 89,494 shares of the technology company’s stock valued at $552,000 after acquiring an additional 7,419 shares during the period. 5.89% of the stock is owned by hedge funds and other institutional investors.

Nokia Corporation (NOK) traded up $0.02 on Thursday, reaching $4.72. 10,902,100 shares of the company traded hands, compared to its average volume of 13,522,416. Nokia Corporation has a 1-year low of $4.50 and a 1-year high of $6.65. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.33. The company has a market capitalization of $27,430.46, a PE ratio of 13.06, a price-to-earnings-growth ratio of 1.06 and a beta of 1.27.

Nokia (NYSE:NOK) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.05. Nokia had a negative net margin of 2.09% and a positive return on equity of 9.88%. The business had revenue of $5.54 billion during the quarter, compared to analysts’ expectations of $5.64 billion. During the same quarter in the prior year, the business posted $0.04 earnings per share. Nokia’s revenue was down 7.0% compared to the same quarter last year. sell-side analysts anticipate that Nokia Corporation will post 0.33 EPS for the current fiscal year.

A number of brokerages have recently issued reports on NOK. Vetr raised shares of Nokia from a “buy” rating to a “strong-buy” rating and set a $7.22 target price for the company in a research report on Wednesday, August 9th. BNP Paribas cut shares of Nokia from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 21st. UBS reissued a “buy” rating on shares of Nokia in a research report on Wednesday, September 20th. Argus cut shares of Nokia from a “buy” rating to a “hold” rating and boosted their target price for the company from $4.76 to $4.91 in a research report on Monday, October 30th. Finally, Canaccord Genuity reduced their target price on shares of Nokia from $7.00 to $5.50 and set a “hold” rating for the company in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Nokia has a consensus rating of “Hold” and an average price target of $5.72.

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Nokia Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

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Institutional Ownership by Quarter for Nokia (NYSE:NOK)

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