WINTON GROUP Ltd Makes New Investment in Sonos, Inc. (NASDAQ:SONO)

WINTON GROUP Ltd purchased a new position in shares of Sonos, Inc. (NASDAQ:SONOGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 29,901 shares of the company’s stock, valued at approximately $539,000.

Several other institutional investors also recently added to or reduced their stakes in SONO. BlackRock Inc. grew its stake in shares of Sonos by 77.4% in the 1st quarter. BlackRock Inc. now owns 22,364,298 shares of the company’s stock valued at $631,123,000 after purchasing an additional 9,759,359 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sonos by 16.6% in the first quarter. Vanguard Group Inc. now owns 13,604,113 shares of the company’s stock valued at $383,908,000 after buying an additional 1,933,485 shares in the last quarter. State Street Corp boosted its stake in shares of Sonos by 76.7% in the first quarter. State Street Corp now owns 4,176,588 shares of the company’s stock valued at $117,863,000 after buying an additional 1,812,340 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Sonos by 42.9% in the first quarter. American Century Companies Inc. now owns 4,664,749 shares of the company’s stock valued at $131,639,000 after buying an additional 1,401,467 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Sonos by 361.1% in the first quarter. Principal Financial Group Inc. now owns 1,683,942 shares of the company’s stock valued at $47,521,000 after buying an additional 1,318,723 shares in the last quarter. Institutional investors and hedge funds own 90.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Morgan Stanley decreased their price target on Sonos from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research note on Monday, October 17th. DA Davidson cut their price target on Sonos to $29.00 in a report on Monday, August 15th. Finally, Stifel Nicolaus cut their price target on Sonos from $24.00 to $20.00 and set a “hold” rating for the company in a report on Thursday, August 11th.

Sonos Trading Down 1.4 %

Shares of NASDAQ:SONO opened at $17.10 on Friday. Sonos, Inc. has a 1 year low of $13.65 and a 1 year high of $33.65. The business has a fifty day simple moving average of $15.21 and a 200 day simple moving average of $18.12. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 39.77, a P/E/G ratio of 3.37 and a beta of 1.92.

Sonos Profile

(Get Rating)

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells multi-room audio products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides wireless speakers, home theater speakers, components, and accessories. It offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its Website sonos.com.

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Institutional Ownership by Quarter for Sonos (NASDAQ:SONO)

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