Nokia Corp (NYSE:NOK).
Bowen Hanes & Co Inc reports that it bought 289,200 shares in the previous quarter increasing its stake in Nokia Corp (NOK) by 6.0%. Its position stood at $30,700,000 an increase of 2.9% as of the end of the quarter.
Several firms have updated their holdings. As of the end of the quarter Raymond James & Associates had disposed of 8,751 shares trimming its position 8.0%. The value of the company’s investment in Nokia Corp decreased from $671,000 to $599,000 decreasing 10.7% since the last quarter. As of quarter end Greenleaf Trust had bought a total of 18,163 shares growing its holdings by 54.1%. The value of the total investment in Nokia Corp went from $207,000 to $309,000 a change of $102,000 for the reporting period.
Edmond De Rothschild Holding S.a. added to its holdings by buying 4,186 shares an increase of 1,956.1% in the quarter. Edmond De Rothschild Holding S.a. owns 4,400 shares with a value of $26,000. The total value of its holdings increased 2,500.0%.
On October 27, 2017 J P Morgan Chase & Co maintained a “Buy” rating on the company. Canaccord Genuity lowered the price target on October 27 changing the price objective from $7.00 to $5.50 and stated a “Hold” rating.
July 30 investment analysts at Credit Suisse Group kept a “Neutral” rating on the company.
The company is trading up by 0.93% percent from yesterday’s close. The P/E ratio is N/A and the market cap of the company is 28.20B. In the latest earnings report the EPS was $-0.09 with 5.65B shares currently outstanding.
Traders are more bearish on the company recently if you pay attention to the change in short interest. The company had a rise in short interest from September 29, 2017 to October 13, 2017 of 11.84%. Short interest increased 3,096,575 over that period. The days to cover increased to 4.0 and the percentage of shorted shares was 0.01% on October 13.