Tower Research Capital LLC TRC Has $99,000 Stock Position in Sony Group Co. (NYSE:SONY)

Tower Research Capital LLC TRC cut its stake in Sony Group Co. (NYSE:SONY) by 69.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,089 shares of the company’s stock after selling 2,469 shares during the period. Tower Research Capital LLC TRC’s holdings in Sony Group were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Fisher Asset Management LLC lifted its holdings in shares of Sony Group by 5.3% during the first quarter. Fisher Asset Management LLC now owns 5,300,328 shares of the company’s stock valued at $480,475,000 after acquiring an additional 264,458 shares during the period. Morgan Stanley lifted its holdings in Sony Group by 6.9% during the 4th quarter. Morgan Stanley now owns 4,059,644 shares of the company’s stock valued at $309,670,000 after purchasing an additional 263,316 shares during the last quarter. Fiduciary Management Inc. WI boosted its position in Sony Group by 2.1% in the fourth quarter. Fiduciary Management Inc. WI now owns 3,469,561 shares of the company’s stock valued at $264,658,000 after buying an additional 71,357 shares in the last quarter. AGF Management Ltd. grew its stake in Sony Group by 6.9% during the first quarter. AGF Management Ltd. now owns 1,948,469 shares of the company’s stock worth $176,629,000 after buying an additional 125,132 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in shares of 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 buying an additional 11,272 shares in the last quarter. Institutional investors and hedge funds own 8.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SONY shares. The Goldman Sachs Group raised Sony Group from a “neutral” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet cut Sony Group from a “b-” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, StockNews.com started coverage on shares of Sony Group in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

Sony Group Stock Performance

SONY stock opened at $85.26 on Monday. The company has a 50 day moving average price of $88.74 and a 200 day moving average price of $90.37. Sony Group Co. has a fifty-two week low of $61.72 and a fifty-two week high of $100.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.65 and a quick ratio of 0.47. The stock has a market capitalization of $105.21 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 3.48 and a beta of 1.03.

About Sony Group

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 gaming consoles, packaged and game software, and peripheral devices.