Henry James International Management Inc. Has $2.95 Million Stake in Nokia Oyj (NYSE:NOK)

Henry James International Management Inc. cut its holdings in shares of Nokia Oyj (NYSE:NOK) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 862,862 shares of the technology company’s stock after selling 51,392 shares during the quarter. Nokia Oyj makes up 1.1% of Henry James International Management Inc.’s portfolio, making the stock its 29th largest position. Henry James International Management Inc.’s holdings in Nokia Oyj were worth $2,951,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of NOK. Vestmark Advisory Solutions Inc. boosted its position in Nokia Oyj by 5.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 59,924 shares of the technology company’s stock valued at $205,000 after purchasing an additional 3,129 shares during the last quarter. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in shares of Nokia Oyj by 2.1% in the 4th quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 155,774 shares of the technology company’s stock valued at $535,000 after buying an additional 3,250 shares during the last quarter. AE Wealth Management LLC grew its stake in shares of Nokia Oyj by 7.9% in the third quarter. AE Wealth Management LLC now owns 48,136 shares of the technology company’s stock valued at $180,000 after buying an additional 3,530 shares in the last quarter. Insigneo Advisory Services LLC increased its holdings in Nokia Oyj by 5.2% during the third quarter. Insigneo Advisory Services LLC now owns 73,209 shares of the technology company’s stock worth $274,000 after buying an additional 3,636 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in Nokia Oyj by 22.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 20,396 shares of the technology company’s stock worth $76,000 after acquiring an additional 3,767 shares in the last quarter. Institutional investors own 5.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on NOK shares. JPMorgan Chase & Co. decreased their price objective on shares of Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a research report on Tuesday, April 16th. Barclays downgraded Nokia Oyj from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Finally, BNP Paribas started coverage on Nokia Oyj in a research note on Friday, January 12th. They set a “neutral” rating for the company. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $4.42.

Nokia Oyj Stock Performance

Nokia Oyj stock traded up $0.02 during trading hours on Friday, hitting $3.69. The company had a trading volume of 13,590,941 shares, compared to its average volume of 16,638,434. Nokia Oyj has a one year low of $2.94 and a one year high of $4.36. The firm has a market cap of $20.78 billion, a PE ratio of 23.06, a PEG ratio of 1.18 and a beta of 1.07. The firm has a 50-day moving average of $3.56 and a 200 day moving average of $3.48. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40.

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.