LMR Partners LLP bought a new stake in shares of Sony Corp. (NYSE:SNE) during the second quarter, Holdings Channel reports. The fund bought 38,300 shares of the company’s stock, valued at approximately $1,124,000.
A number of other large investors have also recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its stake in Sony Corp. by 3.8% in the second quarter. Checchi Capital Advisers LLC now owns 7,559 shares of the company’s stock valued at $222,000 after buying an additional 274 shares during the last quarter. Acrospire Investment Management LLC bought a new stake in shares of Sony Corp. during the first quarter worth about $235,000. Investment Counsel Inc. bought a new stake in shares of Sony Corp. during the second quarter worth about $294,000. Eqis Capital Management Inc. bought a new stake in shares of Sony Corp. during the second quarter worth about $300,000. Finally, RNC Capital Management LLC bought a new stake in shares of Sony Corp. during the second quarter worth about $333,000. Hedge funds and other institutional investors own 6.60% of the company’s stock.
Sony Corp. (NYSE:SNE) traded down 0.58% on Friday, hitting $32.53. The company had a trading volume of 547,968 shares. Sony Corp. has a one year low of $19.90 and a one year high of $34.17. The stock has a market capitalization of $41.04 billion, a PE ratio of 48.99 and a beta of 1.85. The stock has a 50 day moving average of $32.89 and a 200-day moving average of $29.38.
Sony Corp. (NYSE:SNE) last announced its quarterly earnings data on Friday, July 29th. The company reported $16.44 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $16.72. Sony Corp. had a return on equity of 2.52% and a net margin of 1.02%. The firm earned $1,613.20 billion during the quarter, compared to analysts’ expectations of $1,682.98 billion. During the same quarter last year, the firm posted $70.52 earnings per share. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities analysts anticipate that Sony Corp. will post $0.63 EPS for the current year.
SNE has been the topic of a number of analyst reports. Zacks Investment Research upgraded Sony Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research note on Wednesday, September 28th. Vetr cut Sony Corp. from a “buy” rating to a “hold” rating and set a $31.36 price objective on the stock. in a research note on Tuesday, July 19th. Deutsche Bank AG upgraded Sony Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. TheStreet upgraded Sony Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, August 11th. Finally, Jefferies Group reiterated a “buy” rating on shares of Sony Corp. in a research note on Friday, June 10th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.25.
Sony Corp. Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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