Investors Purchase Large Volume of Call Options on Nokia Oyj (NYSE:NOK)

Nokia Oyj (NYSE:NOK) saw unusually large options trading on Thursday. Traders acquired 27,461 call options on the company. This is an increase of 337% compared to the typical volume of 6,286 call options.

Nokia Oyj Stock Up 0.2 %

Shares of Nokia Oyj stock opened at $4.37 on Friday. Nokia Oyj has a 12-month low of $2.94 and a 12-month high of $4.52. The stock has a market capitalization of $24.13 billion, a P/E ratio of 27.31, a PEG ratio of 5.27 and a beta of 1.12. The company has a quick ratio of 1.57, a current ratio of 1.82 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average price of $4.08 and a two-hundred day moving average price of $3.84.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, July 18th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $5.12 billion. Nokia Oyj had a net margin of 1.95% and a return on equity of 7.98%. Equities analysts expect that Nokia Oyj will post 0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

NOK has been the subject of several recent research reports. StockNews.com cut Nokia Oyj from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 19th. Northland Securities restated an “outperform” rating and set a $6.50 price target (up previously from $6.00) on shares of Nokia Oyj in a research note on Wednesday, September 4th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.54.

Hedge Funds Weigh In On Nokia Oyj

Several large investors have recently made changes to their positions in the business. Pzena Investment Management LLC increased its position in Nokia Oyj by 22.3% in the 2nd quarter. Pzena Investment Management LLC now owns 82,524,553 shares of the technology company’s stock worth $311,943,000 after buying an additional 15,035,360 shares during the period. Sei Investments Co. boosted its holdings in Nokia Oyj by 1.5% in the 1st quarter. Sei Investments Co. now owns 2,674,435 shares of the technology company’s stock valued at $9,467,000 after purchasing an additional 40,264 shares during the period. TSP Capital Management Group LLC grew its position in Nokia Oyj by 89.2% in the 1st quarter. TSP Capital Management Group LLC now owns 2,179,467 shares of the technology company’s stock worth $7,715,000 after purchasing an additional 1,027,600 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Nokia Oyj by 98.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,749,327 shares of the technology company’s stock worth $6,193,000 after purchasing an additional 867,297 shares during the period. Finally, Susquehanna International Securities Ltd. raised its position in shares of Nokia Oyj by 13.9% during the first quarter. Susquehanna International Securities Ltd. now owns 1,636,996 shares of the technology company’s stock valued at $5,795,000 after buying an additional 199,590 shares during the last quarter. Institutional investors and hedge funds own 5.28% of the company’s stock.

Nokia Oyj Company 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.