Yousif Capital Management LLC Reduces Stock Position in Sony Corporation (NYSE:SONY)

Yousif Capital Management LLC lessened its holdings in shares of Sony Corporation (NYSE:SONY) by 77.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,685 shares of the company’s stock after selling 73,470 shares during the quarter. Yousif Capital Management LLC’s holdings in Sony were worth $551,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. City Holding Co. bought a new stake in shares of Sony in the 1st quarter worth about $30,000. First Citizens Bank & Trust Co. purchased a new stake in Sony in the 1st quarter valued at about $205,000. Barden Capital Management Inc. boosted its position in Sony by 1.2% in the 1st quarter. Barden Capital Management Inc. now owns 86,532 shares of the company’s stock valued at $2,197,000 after buying an additional 1,010 shares during the period. Wedmont Private Capital lifted its position in shares of Sony by 3.6% in the 1st quarter. Wedmont Private Capital now owns 16,108 shares of the company’s stock worth $409,000 after purchasing an additional 555 shares during the period. Finally, Sivia Capital Partners LLC lifted its position in shares of Sony by 4.1% in the 1st quarter. Sivia Capital Partners LLC now owns 17,841 shares of the company’s stock worth $453,000 after purchasing an additional 706 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SONY shares. The Goldman Sachs Group started coverage on shares of Sony in a research note on Tuesday, March 25th. They set a “buy” rating on the stock. Wolfe Research reissued a “peer perform” rating on shares of Sony in a report on Monday, April 7th. Finally, Wall Street Zen downgraded shares of Sony from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Stock Down 4.5%

SONY stock opened at $24.71 on Friday. The company has a market cap of $149.42 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 12.44 and a beta of 0.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. Sony Corporation has a 12 month low of $15.96 and a 12 month high of $26.95. The company has a fifty day moving average price of $25.36 and a 200 day moving average price of $23.58.

About Sony

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.