Gamco Investors INC. ET AL Sells 41,323 Shares of Sony Group Co. (NYSE:SONY)

Gamco Investors INC. ET AL reduced its position in shares of Sony Group Co. (NYSE:SONYGet Rating) by 2.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,805,691 shares of the company’s stock after selling 41,323 shares during the period. Sony Group accounts for about 1.7% of Gamco Investors INC. ET AL’s portfolio, making the stock its 3rd largest holding. Gamco Investors INC. ET AL’s holdings in Sony Group were worth $185,463,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SONY. AGF Investments Inc. raised its holdings in Sony Group by 39.6% in the 1st quarter. AGF Investments Inc. now owns 1,535,680 shares of the company’s stock valued at $157,730,000 after acquiring an additional 435,542 shares during the last quarter. BlackRock Inc. increased its position in Sony Group by 0.8% during the first quarter. BlackRock Inc. now owns 1,510,796 shares of the company’s stock worth $155,174,000 after purchasing an additional 11,272 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Sony Group by 5.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,082,081 shares of the company’s stock worth $136,776,000 after purchasing an additional 57,461 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Sony Group by 3.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 883,393 shares of the company’s stock valued at $111,661,000 after buying an additional 26,563 shares during the period. Finally, Phoenix Holdings Ltd. increased its holdings in shares of Sony Group by 9.7% during the 1st quarter. Phoenix Holdings Ltd. now owns 822,668 shares of the company’s stock worth $84,540,000 after buying an additional 72,967 shares during the last quarter. Institutional investors and hedge funds own 7.69% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock opened at $72.01 on Wednesday. The business has a 50-day simple moving average of $82.92 and a 200-day simple moving average of $88.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.47 and a current ratio of 0.60. Sony Group Co. has a one year low of $71.95 and a one year high of $133.75. The company has a market cap of $89.08 billion, a PE ratio of 11.79, a P/E/G ratio of 2.27 and a beta of 0.89.

Sony Group (NYSE:SONYGet Rating) last posted its quarterly earnings results on Friday, July 29th. The company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.15 by $0.20. Sony Group had a net margin of 8.91% and a return on equity of 11.54%. The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $19.36 billion. On average, equities research analysts forecast that Sony Group Co. will post 5.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SONY shares. Oppenheimer decreased their price objective on Sony Group from $150.00 to $125.00 and set a “na” rating on the stock in a report on Wednesday, May 18th. TheStreet cut Sony Group from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. The Goldman Sachs Group began coverage on shares of Sony Group in a research note on Wednesday, September 7th. They set a “neutral” rating on the stock. Citigroup lowered shares of Sony Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 5th. Finally, Macquarie upgraded shares of Sony Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 8th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.00.

About Sony Group

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Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home and portable game consoles, packaged software, and peripheral devices.

See Also

Institutional Ownership by Quarter for Sony Group (NYSE:SONY)

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