Stock Traders Buy Large Volume of Put Options on Nokia Oyj (NOK)
Nokia Oyj (NYSE:NOK) was the target of unusually large options trading activity on Tuesday. Traders bought 5,214 put options on the company. This is an increase of 975% compared to the typical daily volume of 485 put options.
Shares of Nokia Oyj (NYSE:NOK) opened at $5.86 on Wednesday. The stock has a market cap of $33,394.83, a price-to-earnings ratio of -18.90, a P/E/G ratio of 2.59 and a beta of 1.05. The company has a quick ratio of 1.34, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Nokia Oyj has a twelve month low of $4.51 and a twelve month high of $6.65.
Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, February 1st. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The firm had revenue of $6.67 billion for the quarter, compared to analysts’ expectations of $6.41 billion. Nokia Oyj had a negative net margin of 6.37% and a positive return on equity of 10.80%. The firm’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. equities analysts predict that Nokia Oyj will post 0.31 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of NOK. Arrowstreet Capital Limited Partnership acquired a new stake in Nokia Oyj in the fourth quarter valued at $54,836,000. Levin Capital Strategies L.P. raised its holdings in Nokia Oyj by 25.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 54,775,642 shares of the technology company’s stock valued at $255,254,000 after acquiring an additional 11,016,150 shares in the last quarter. Brandes Investment Partners LP raised its holdings in Nokia Oyj by 38.8% in the fourth quarter. Brandes Investment Partners LP now owns 10,247,013 shares of the technology company’s stock valued at $47,751,000 after acquiring an additional 2,867,023 shares in the last quarter. Renaissance Technologies LLC increased its stake in Nokia Oyj by 47.8% during the fourth quarter. Renaissance Technologies LLC now owns 7,673,680 shares of the technology company’s stock valued at $35,759,000 after purchasing an additional 2,482,900 shares during the last quarter. Finally, Millennium Management LLC increased its stake in Nokia Oyj by 69.0% during the fourth quarter. Millennium Management LLC now owns 4,424,030 shares of the technology company’s stock valued at $20,616,000 after purchasing an additional 1,806,219 shares during the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.
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About Nokia Oyj
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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