Cottage Street Advisors LLC Raises Holdings in Sony Corp (SNE)

Cottage Street Advisors LLC grew its holdings in shares of Sony Corp (NYSE:SNE) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,500 shares of the company’s stock after purchasing an additional 3,450 shares during the period. Cottage Street Advisors LLC’s holdings in Sony were worth $1,506,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Parallax Volatility Advisers L.P. increased its holdings in shares of Sony by 206.3% in the 2nd quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after acquiring an additional 8,451 shares during the period. KCS Wealth Advisory acquired a new stake in shares of Sony in the 4th quarter worth about $219,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Sony in the 2nd quarter worth about $201,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Sony in the 2nd quarter worth about $212,000. Finally, New England Research & Management Inc. acquired a new stake in shares of Sony in the 3rd quarter worth about $213,000. 6.77% of the stock is currently owned by institutional investors.

SNE has been the topic of a number of analyst reports. Credit Suisse Group cut shares of Sony from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Morgan Stanley cut shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Jefferies Group reaffirmed a “buy” rating and issued a $45.74 price objective on shares of Sony in a report on Tuesday, October 24th. Zacks Investment Research cut shares of Sony from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, ValuEngine raised shares of Sony from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $48.19.

Sony Corp (NYSE:SNE) traded down $0.25 during trading on Tuesday, reaching $50.03. 1,043,700 shares of the company’s stock traded hands, compared to its average volume of 912,911. The firm has a market cap of $62,690.00, a PE ratio of 27.49 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. Sony Corp has a 52-week low of $29.16 and a 52-week high of $50.82.

Sony (NYSE:SNE) last released its earnings results on Tuesday, October 31st. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.36. Sony had a net margin of 3.17% and a return on equity of 7.97%. equities research analysts anticipate that Sony Corp will post 2.88 earnings per share for the current year.

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About Sony

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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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