Militia Capital Management LLC Makes New $2.41 Million Investment in Nokia Corporation $NOK

Militia Capital Management LLC purchased a new stake in Nokia Corporation (NYSE:NOK) in the first quarter, Holdings Channel reports. The institutional investor purchased 300,000 shares of the technology company’s stock, valued at approximately $2,412,000.

Several other large investors also recently made changes to their positions in NOK. Pzena Investment Management LLC grew its stake in shares of Nokia by 14.5% in the 4th quarter. Pzena Investment Management LLC now owns 91,942,507 shares of the technology company’s stock worth $594,868,000 after purchasing an additional 11,612,590 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Nokia by 9.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 47,321,058 shares of the technology company’s stock worth $306,167,000 after buying an additional 3,896,363 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Nokia by 166.4% during the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock worth $163,921,000 after buying an additional 12,734,021 shares in the last quarter. Alyeska Investment Group L.P. grew its position in Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock worth $113,161,000 after buying an additional 11,035,002 shares during the last quarter. Finally, Analog Century Management LP bought a new position in shares of Nokia in the fourth quarter valued at $104,244,000. Institutional investors own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Northland Securities set a $20.00 price objective on Nokia in a research report on Wednesday, June 3rd. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 target price on the stock in a research report on Monday, April 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a report on Friday, May 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Finally, Arete Research upgraded Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Thirteen research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Nokia has a consensus rating of “Moderate Buy” and an average price target of $12.57.

Nokia Trading Down 0.3%

Nokia stock opened at $9.11 on Monday. Nokia Corporation has a 52 week low of $4.00 and a 52 week high of $17.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.22 and a current ratio of 1.50. The firm has a market capitalization of $52.32 billion, a price-to-earnings ratio of 65.09, a P/E/G ratio of 1.04 and a beta of 1.17. The company has a 50 day moving average price of $12.85 and a 200 day moving average price of $10.37.

Nokia (NYSE:NOK) last announced its earnings results on Thursday, July 23rd. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The company had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The company’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.04 EPS. Research analysts forecast that Nokia Corporation will post 0.41 EPS for the current year.

Nokia Profile

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.