Chartwell Investment Partners LLC raised its stake in shares of Nokia Corporation (NYSE:NOK) by 80.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 625,278 shares of the technology company’s stock after buying an additional 278,000 shares during the period. Chartwell Investment Partners LLC’s holdings in Nokia Corporation were worth $3,852,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Ariel Investments LLC increased its stake in shares of Nokia Corporation by 21.1% in the first quarter. Ariel Investments LLC now owns 32,372,988 shares of the technology company’s stock valued at $175,462,000 after buying an additional 5,650,498 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of Nokia Corporation by 108.2% in the first quarter. Alliancebernstein L.P. now owns 20,815,648 shares of the technology company’s stock valued at $112,821,000 after buying an additional 10,817,897 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of Nokia Corporation by 23.6% in the first quarter. Wellington Management Group LLP now owns 12,203,887 shares of the technology company’s stock valued at $66,145,000 after buying an additional 2,331,892 shares in the last quarter. Brandes Investment Partners LP increased its stake in shares of Nokia Corporation by 6.7% in the first quarter. Brandes Investment Partners LP now owns 11,469,670 shares of the technology company’s stock valued at $62,166,000 after buying an additional 717,676 shares in the last quarter. Finally, Stelliam Investment Management LP acquired a new stake in shares of Nokia Corporation during the first quarter valued at about $34,268,000. 5.89% of the stock is owned by institutional investors and hedge funds.
Nokia Corporation (NYSE:NOK) opened at 6.19 on Monday. Nokia Corporation has a 52-week low of $4.04 and a 52-week high of $6.65. The firm has a 50-day moving average price of $6.30 and a 200-day moving average price of $5.82. The company’s market cap is $34.98 billion.
Nokia Corporation (NYSE:NOK) last announced its earnings results on Thursday, July 27th. The technology company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The business had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.64 billion. Nokia Corporation had a positive return on equity of 8.20% and a negative net margin of 1.78%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 EPS. On average, analysts forecast that Nokia Corporation will post $0.30 EPS for the current year.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Nokia Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Societe Generale assumed coverage on Nokia Corporation in a report on Wednesday, June 14th. They set a “buy” rating for the company. Credit Suisse Group reissued a “neutral” rating on shares of Nokia Corporation in a report on Sunday, July 30th. Canaccord Genuity reissued a “hold” rating and set a $6.00 target price on shares of Nokia Corporation in a report on Monday, May 15th. Finally, Citigroup Inc. assumed coverage on Nokia Corporation in a report on Thursday, June 8th. They set a “neutral” rating and a $6.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Nokia Corporation presently has a consensus rating of “Hold” and an average price target of $5.97.
About Nokia Corporation
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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