Nokia Corp (NOK) Holder Levin Capital Strategies LP Upped Its Holding by $6.94 Million

February 19, 2018 - By Darrin Black

John A. Levin increased its stake in Nokia Corp (NOK) by 3.28% based on its latest 2017Q3 regulatory filing with the SEC. Levin Capital Strategies Lp bought 1.39 million shares as the company’s stock rose 22.38% with the market. The hedge fund run by John A. Levin held 43.76M shares of the radio and television broadcasting and communications equipment company at the end of 2017Q3, valued at $261.68M, up from 42.37 million at the end of the previous reported quarter. Levin Capital Strategies Lp who had been investing in Nokia Corp for a number of months, seems to be bullish on the $30.45 billion market cap company. The stock increased 0.52% or $0.03 during the last trading session, reaching $5.76. About 19.58M shares traded or 15.66% up from the average. Nokia Corporation (NYSE:NOK) has risen 19.54% since February 19, 2017 and is uptrending. It has outperformed by 2.84% the S&P500.

Levin Capital Strategies Lp, which manages about $8.28 billion and $5.90 billion US Long portfolio, decreased its stake in Milacron Hldgs Corp by 1.18 million shares to 2.76 million shares, valued at $46.62M in 2017Q3, according to the filing. It also reduced its holding in General Electric Co (NYSE:GE) by 4.24 million shares in the quarter, leaving it with 5.27M shares, and cut its stake in Athene Hldg Ltd.

More notable recent Nokia Corporation (NYSE:NOK) news were published by: Investorplace.com which released: “Why Nokia Oyj (ADR) (NOK) Stock Is Mediocre At Best” on June 15, 2017, also Investorplace.com with their article: “Nokia Oyj (ADR) (NOK) Stock Needs a Lot of Oomph From Its 8” published on September 20, 2017, Investorplace.com published: “Nokia Oyj (ADR) (NOK) Stock Needs a New Story” on July 06, 2017. More interesting news about Nokia Corporation (NYSE:NOK) were released by: Investorplace.com and their article: “For Big Nokia Oyj (ADR) Profits, You’ll Have to Wait a While” published on February 01, 2018 as well as Investorplace.com‘s news article titled: “Nokia Oyj (ADR) (NOK) Stock Is Nothing but a Coin Toss” with publication date: July 26, 2017.

Nokia Corporation (NYSE:NOK) Ratings Coverage

Among 24 analysts covering Nokia (NYSE:NOK), 11 have Buy rating, 3 Sell and 10 Hold. Therefore 46% are positive. Nokia had 52 analyst reports since August 26, 2015 according to SRatingsIntel. Credit Suisse downgraded Nokia Corporation (NYSE:NOK) on Friday, January 5 to “Hold” rating. Goldman Sachs downgraded Nokia Corporation (NYSE:NOK) on Thursday, January 18 to “Neutral” rating. Argus Research upgraded the shares of NOK in report on Friday, January 15 to “Buy” rating. The firm has “Neutral” rating given on Wednesday, May 11 by M Partners. The company was downgraded on Wednesday, November 16 by BMO Capital Markets. The company was downgraded on Tuesday, October 31 by Charter Equity. The firm has “Buy” rating by Bank of America given on Friday, May 13. TheStreet upgraded the shares of NOK in report on Friday, October 16 to “Buy” rating. The stock of Nokia Corporation (NYSE:NOK) earned “Buy” rating by Argus Research on Monday, January 18. Deutsche Bank upgraded the stock to “Buy” rating in Monday, September 21 report.

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