Systematic Financial Management LP decreased its position in shares of Sony Corp (NYSE:SNE) by 5.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,120 shares of the company’s stock after selling 1,894 shares during the quarter. Systematic Financial Management LP’s holdings in Sony were worth $1,399,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC grew its stake in shares of Sony by 20.6% during the 4th quarter. Ballentine Partners LLC now owns 6,872 shares of the company’s stock worth $308,000 after acquiring an additional 1,172 shares during the period. CAPROCK Group Inc. grew its stake in shares of Sony by 5.8% during the 4th quarter. CAPROCK Group Inc. now owns 24,253 shares of the company’s stock worth $1,213,000 after acquiring an additional 1,332 shares during the period. Columbia Asset Management grew its stake in shares of Sony by 5.2% during the 4th quarter. Columbia Asset Management now owns 35,695 shares of the company’s stock worth $1,604,000 after acquiring an additional 1,775 shares during the period. Aviance Capital Management LLC grew its stake in shares of Sony by 1.0% during the 4th quarter. Aviance Capital Management LLC now owns 184,071 shares of the company’s stock worth $8,274,000 after acquiring an additional 1,866 shares during the period. Finally, Ferguson Wellman Capital Management Inc. grew its stake in shares of Sony by 0.8% during the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 241,300 shares of the company’s stock worth $10,846,000 after acquiring an additional 1,905 shares during the period. Institutional investors own 6.85% of the company’s stock.
Sony Corp (NYSE:SNE) opened at $49.82 on Thursday. Sony Corp has a 12 month low of $30.72 and a 12 month high of $53.91. The company has a quick ratio of 0.80, a current ratio of 0.92 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $63,519.01, a PE ratio of 13.71 and a beta of 1.55.
Several research analysts have recently weighed in on the company. ValuEngine upgraded Sony from a “hold” rating to a “buy” rating in a research note on Saturday, February 3rd. Zacks Investment Research upgraded Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research note on Tuesday, January 2nd. Jefferies Group restated a “buy” rating and issued a $59.84 target price on shares of Sony in a research note on Friday, November 17th. Finally, JPMorgan Chase & Co. downgraded Sony from an “overweight” rating to a “neutral” rating in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Sony currently has an average rating of “Buy” and an average price target of $48.19.
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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, Semiconductors, Component, Films, Music, Financial Services and All Other.
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