CWA Asset Management Group LLC Makes New Investment in Sony Corporation $SONY

CWA Asset Management Group LLC bought a new stake in shares of Sony Corporation (NYSE:SONYFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 114,145 shares of the company’s stock, valued at approximately $2,922,000.

A number of other institutional investors and hedge funds have also made changes to their positions in SONY. Brighton Jones LLC lifted its stake in shares of Sony by 422.0% during the 4th quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock worth $421,000 after purchasing an additional 16,094 shares during the last quarter. AQR Capital Management LLC grew its stake in Sony by 26.7% in the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock valued at $4,542,000 after purchasing an additional 37,677 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in Sony by 23.4% in the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock worth $573,000 after purchasing an additional 4,172 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in Sony by 14.0% in the second quarter. TD Waterhouse Canada Inc. now owns 5,373 shares of the company’s stock worth $137,000 after purchasing an additional 658 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of Sony by 97.9% during the second quarter. Handelsbanken Fonder AB now owns 950,000 shares of the company’s stock valued at $24,728,000 after buying an additional 470,000 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

Shares of NYSE SONY opened at $20.24 on Friday. Sony Corporation has a fifty-two week low of $20.13 and a fifty-two week high of $30.34. The company has a market cap of $122.39 billion, a PE ratio of -101.18, a P/E/G ratio of 7.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.22. The business has a 50-day simple moving average of $22.38 and a two-hundred day simple moving average of $26.08.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SONY. Wall Street Zen raised shares of Sony to a “hold” rating in a research report on Saturday, December 6th. Sanford C. Bernstein reissued a “market perform” rating and set a $22.00 target price (down from $30.00) on shares of Sony in a research report on Tuesday, March 17th. Weiss Ratings downgraded shares of Sony from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, February 20th. Finally, Zacks Research lowered shares of Sony from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.00.

View Our Latest Stock Report on Sony

Key Sony News

Here are the key news stories impacting Sony this week:

Sony Company 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.

Featured Stories

Institutional Ownership by Quarter for Sony (NYSE:SONY)

Receive News & Ratings for Sony Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sony and related companies with MarketBeat.com's FREE daily email newsletter.