Capital Fund Management S.A. Acquires Shares of 444,624 Nokia Corporation $NOK

Key Points

• Capital Fund Management S.A. acquired a new stake in Nokia Corporation by purchasing 444,624 shares, valued at approximately $2,343,000 during the 1st quarter.
• Analysts have mixed views on Nokia, with four giving it a Buy rating and one signaling a Sell; the average price target is set at $5.78.
• Nokia recently reported earnings of $0.05 per share, missing expectations, and announced a dividend of $0.0317, with a dividend yield of 293.0%.

Capital Fund Management S.A. bought a new stake in shares of Nokia Corporation (NYSE:NOK - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 444,624 shares of the technology company's stock, valued at approximately $2,343,000.

Other hedge funds have also modified their holdings of the company. Harbour Investments Inc. boosted its position in shares of Nokia by 7,046.5% in the first quarter. Harbour Investments Inc. now owns 5,074 shares of the technology company's stock worth $27,000 after purchasing an additional 5,003 shares during the period. Wealthquest Corp bought a new position in shares of Nokia in the first quarter worth approximately $27,000. Farther Finance Advisors LLC boosted its position in shares of Nokia by 58.4% in the first quarter. Farther Finance Advisors LLC now owns 7,191 shares of the technology company's stock worth $38,000 after purchasing an additional 2,651 shares during the period. Assetmark Inc. boosted its position in shares of Nokia by 763.7% during the first 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 last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Nokia during the first quarter worth $51,000. 5.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Nokia from $6.50 to $6.00 and set an "overweight" rating for the company in a research report on Tuesday, July 29th. Wall Street Zen upgraded shares of Nokia from a "hold" rating to a "buy" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Nokia currently has a consensus rating of "Moderate Buy" and an average price target of $5.78.

Nokia Trading Up 0.1%

NOK stock traded up $0.01 during trading on Friday, hitting $4.30. The company had a trading volume of 11,776,984 shares, compared to its average volume of 19,813,121. The firm has a market capitalization of $23.11 billion, a P/E ratio of 21.48 and a beta of 0.88. Nokia Corporation has a 52-week low of $3.91 and a 52-week high of $5.48. The company has a 50 day simple moving average of $4.58 and a 200-day simple moving average of $4.94. The company has a quick ratio of 1.21, a current ratio of 1.46 and a debt-to-equity ratio of 0.12.

Nokia (NYSE:NOK - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). Nokia had a return on equity of 8.36% and a net margin of 5.30%.The company had revenue of $5.34 billion during the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the prior year, the business earned $0.06 EPS. The company's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts forecast that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

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.