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

Park National Corp OH increased its position in Nokia Oyj (NYSE:NOK) by 44.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,274 shares of the technology company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

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

Analyst Upgrades and Downgrades

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

Nokia Oyj Stock Performance

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

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

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.