Concurrent Investment Advisors LLC Buys New Holdings in Sony Corporation (NYSE:SONY)

Concurrent Investment Advisors LLC bought a new stake in Sony Corporation (NYSE:SONY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 8,067 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SONY. Capital Analysts LLC boosted its holdings in Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company’s stock valued at $25,000 after acquiring an additional 936 shares during the last quarter. Accent Capital Management LLC boosted its holdings in Sony by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock valued at $29,000 after acquiring an additional 1,104 shares during the last quarter. City Holding Co. acquired a new position in Sony in the first quarter valued at $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in Sony in the first quarter valued at $31,000. Finally, Operose Advisors LLC boosted its holdings in Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company’s stock valued at $32,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Analyst Ratings Changes

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

Sony Trading Down 0.9%

NYSE:SONY opened at $24.42 on Friday. Sony Corporation has a 12 month low of $15.96 and a 12 month high of $26.95. The firm has a market capitalization of $147.68 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 11.74 and a beta of 0.94. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The business’s 50-day moving average is $25.56 and its two-hundred day moving average is $24.00.

Sony Company Profile

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.