Aquatic Capital Management LLC Acquires 1,530,523 Shares of Nokia Oyj (NYSE:NOK)

Aquatic Capital Management LLC increased its holdings in shares of Nokia Oyj (NYSE:NOK) by 243.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,159,343 shares of the technology company’s stock after purchasing an additional 1,530,523 shares during the quarter. Aquatic Capital Management LLC’s holdings in Nokia Oyj were worth $9,566,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of NOK. Foundations Investment Advisors LLC bought a new stake in shares of Nokia Oyj during the fourth quarter worth $45,000. D.A. Davidson & CO. bought a new position in Nokia Oyj during the 4th quarter worth about $46,000. Wedmont Private Capital acquired a new stake in shares of Nokia Oyj in the 4th quarter valued at about $47,000. Wealthstream Advisors Inc. bought a new stake in shares of Nokia Oyj in the fourth quarter valued at about $49,000. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Nokia Oyj during the fourth quarter worth about $58,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia Oyj Stock Performance

Shares of NOK stock opened at $4.99 on Friday. The company has a fifty day moving average price of $5.09 and a two-hundred day moving average price of $4.72. Nokia Oyj has a one year low of $3.57 and a one year high of $5.48. The stock has a market cap of $27.21 billion, a P/E ratio of 19.96, a P/E/G ratio of 6.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.58 and a quick ratio of 1.39.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Nokia Oyj had a return on equity of 10.30% and a net margin of 6.54%. The business had revenue of $4.98 billion for the quarter, compared to the consensus estimate of $4.47 billion. As a group, equities analysts predict that Nokia Oyj will post 0.34 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group downgraded Nokia Oyj from a “neutral” rating to a “sell” rating and set a $3.60 price target for the company. in a research report on Thursday, January 16th. StockNews.com raised shares of Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on shares of Nokia Oyj from $6.35 to $6.30 and set an “overweight” rating on the stock in a research note on Friday, February 21st. Finally, Craig Hallum increased their price objective on shares of Nokia Oyj from $6.00 to $7.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Moderate Buy” and a consensus target price of $5.85.

About Nokia Oyj

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.