Clark Estates Inc. NY Has $7.20 Million Holdings in Sony Corporation $SONY

Clark Estates Inc. NY decreased its position in Sony Corporation (NYSE:SONYFree Report) by 37.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the company’s stock after selling 150,000 shares during the quarter. Sony accounts for approximately 1.6% of Clark Estates Inc. NY’s holdings, making the stock its 16th largest holding. Clark Estates Inc. NY’s holdings in Sony were worth $7,198,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Fisher Asset Management LLC raised its position in Sony by 19.0% in the 2nd quarter. Fisher Asset Management LLC now owns 101,878,066 shares of the company’s stock valued at $2,651,886,000 after buying an additional 16,280,542 shares during the last quarter. Mondrian Investment Partners LTD bought a new position in shares of Sony during the 3rd quarter worth approximately $277,631,000. Thrivent Financial for Lutherans grew its stake in shares of Sony by 7,377.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,374,274 shares of the company’s stock worth $97,145,000 after acquiring an additional 3,329,147 shares in the last quarter. Raymond James Financial Inc. raised its holdings in shares of Sony by 41.6% in the second quarter. Raymond James Financial Inc. now owns 2,482,524 shares of the company’s stock valued at $64,620,000 after purchasing an additional 729,351 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Sony by 16.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,293,819 shares of the company’s stock worth $65,924,000 after purchasing an additional 320,181 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Trading Down 1.5%

Sony stock opened at $21.93 on Monday. The stock has a 50-day simple moving average of $24.04 and a 200 day simple moving average of $26.93. The stock has a market capitalization of $132.61 billion, a P/E ratio of -109.63, a PEG ratio of 7.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. Sony Corporation has a 52 week low of $20.42 and a 52 week high of $30.34.

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Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SONY shares. Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Sanford C. Bernstein restated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Sony in a report on Wednesday, January 14th. Weiss Ratings lowered Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday. Wall Street Zen raised Sony to a “hold” rating in a research report on Saturday, December 6th. Finally, Nomura raised Sony from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 19th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $30.00.

Check Out Our Latest Research Report on Sony

Sony Profile

(Free Report)

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.

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Institutional Ownership by Quarter for Sony (NYSE:SONY)

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