Nisa Investment Advisors LLC increased its stake in Sonos, Inc. (NASDAQ:SONO – Free Report) by 7,557.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 156,049 shares of the company’s stock after buying an additional 154,011 shares during the quarter. Nisa Investment Advisors LLC owned 0.13% of Sonos worth $2,347,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Gladius Capital Management LP bought a new stake in Sonos in the 3rd quarter valued at about $30,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sonos in the second quarter valued at approximately $46,000. KBC Group NV raised its position in shares of Sonos by 52.5% in the third quarter. KBC Group NV now owns 4,852 shares of the company’s stock valued at $60,000 after purchasing an additional 1,670 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sonos by 50.1% during the 4th quarter. GAMMA Investing LLC now owns 4,048 shares of the company’s stock valued at $61,000 after buying an additional 1,352 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in Sonos by 927.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,497 shares of the company’s stock worth $92,000 after buying an additional 6,767 shares during the period. Institutional investors own 85.82% of the company’s stock.
Sonos Price Performance
Shares of SONO stock opened at $13.93 on Monday. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -42.21 and a beta of 1.99. The company’s fifty day simple moving average is $14.30 and its two-hundred day simple moving average is $13.20. Sonos, Inc. has a 1 year low of $10.23 and a 1 year high of $19.76.
Sonos Company Profile
Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company 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.
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