Park National Corp OH Grows Position in Nokia Oyj (NYSE:NOK)

Park National Corp OH boosted its stake in Nokia Oyj (NYSE:NOK) by 44.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,274 shares of the technology company’s stock after buying an additional 4,998 shares during the quarter. Park National Corp OH’s holdings in Nokia Oyj were worth $58,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Management Associates Inc purchased a new stake in Nokia Oyj in the 4th quarter valued at $34,000. Tieton Capital Management LLC purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at $34,000. Peapack Gladstone Financial Corp purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at $35,000. Crestwood Advisors Group LLC purchased a new stake in shares of Nokia Oyj during the 3rd quarter valued at $37,000. Finally, Greenleaf Trust purchased a new stake in shares of Nokia Oyj during the 4th quarter valued at $38,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NOK has been the subject of several research analyst reports. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. cut their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Nokia Oyj currently has a consensus rating of “Hold” and an average target price of $4.42.

Nokia Oyj Price Performance

NYSE NOK traded up $0.02 during trading hours on Tuesday, hitting $3.71. The company had a trading volume of 6,758,424 shares, compared to its average volume of 14,314,157. Nokia Oyj has a 52 week low of $2.94 and a 52 week high of $4.36. The firm has a 50 day simple moving average of $3.72 and a 200 day simple moving average of $3.57. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.40 and a current ratio of 1.64. The firm has a market capitalization of $20.49 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.17 and a beta of 1.10.

Nokia Oyj (NYSE:NOK) last issued its earnings results on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.06 by $0.04. Nokia Oyj had a return on equity of 8.39% and a net margin of 3.90%. The business had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.19 billion. Equities research analysts expect that Nokia Oyj will post 0.37 earnings per share for the current year.

Nokia Oyj Profile

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.