Catalyst Capital Advisors LLC increased its stake in Nokia Corporation (NYSE:NOK) by 40.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 175,000 shares of the technology company’s stock after buying an additional 50,000 shares during the period. Catalyst Capital Advisors LLC’s holdings in Nokia Corporation were worth $1,078,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Chevy Chase Trust Holdings Inc. bought a new position in shares of Nokia Corporation during the first quarter valued at $136,000. Creative Planning raised its position in shares of Nokia Corporation by 3.6% in the first quarter. Creative Planning now owns 49,305 shares of the technology company’s stock valued at $267,000 after buying an additional 1,727 shares during the last quarter. Bank of Montreal Can raised its position in shares of Nokia Corporation by 422.6% in the first quarter. Bank of Montreal Can now owns 427,512 shares of the technology company’s stock valued at $2,316,000 after buying an additional 345,712 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of Nokia Corporation by 3.3% in the first quarter. Capstone Asset Management Co. now owns 491,268 shares of the technology company’s stock valued at $2,663,000 after buying an additional 15,695 shares during the last quarter. Finally, Financial & Investment Management Group Ltd. raised its position in shares of Nokia Corporation by 4.8% in the first quarter. Financial & Investment Management Group Ltd. now owns 1,154,881 shares of the technology company’s stock valued at $6,259,000 after buying an additional 52,551 shares during the last quarter. Institutional investors own 5.89% of the company’s stock.

Nokia Corporation (NOK) opened at 6.26 on Monday. The stock’s market cap is $35.38 billion. The firm’s 50-day moving average is $6.31 and its 200-day moving average is $5.76. Nokia Corporation has a 1-year low of $4.04 and a 1-year high of $6.65.

Nokia Corporation (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 27th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $5.63 billion during the quarter, compared to analysts’ expectations of $5.64 billion. Nokia Corporation had a negative net margin of 1.78% and a positive return on equity of 8.20%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. On average, analysts forecast that Nokia Corporation will post $0.29 EPS for the current year.

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Several research analysts have weighed in on NOK shares. BMO Capital Markets restated a “hold” rating and set a $5.00 target price on shares of Nokia Corporation in a research report on Thursday, April 27th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Nokia Corporation in a research report on Thursday, April 27th. Zacks Investment Research upgraded shares of Nokia Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Vetr lowered shares of Nokia Corporation from a “buy” rating to a “hold” rating and set a $6.00 target price on the stock. in a research report on Wednesday, May 3rd. Finally, Canaccord Genuity restated a “hold” rating and set a $6.00 target price on shares of Nokia Corporation in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Nokia Corporation has an average rating of “Hold” and a consensus target price of $6.24.

Nokia Corporation Company 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 Corporation (NYSE:NOK)

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