Highbridge Capital Management LLC grew its stake in shares of Sony Corp (NYSE:SNE) by 60.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 45,700 shares of the company’s stock after acquiring an additional 17,200 shares during the quarter. Highbridge Capital Management LLC’s holdings in Sony were worth $2,772,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of SNE. Renaissance Technologies LLC lifted its position in shares of Sony by 37.1% during the 3rd quarter. Renaissance Technologies LLC now owns 1,450,500 shares of the company’s stock valued at $87,973,000 after buying an additional 392,800 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Sony during the 3rd quarter valued at about $283,000. First Foundation Advisors lifted its position in shares of Sony by 24.7% during the 3rd quarter. First Foundation Advisors now owns 261,288 shares of the company’s stock valued at $15,847,000 after buying an additional 51,679 shares in the last quarter. Blair William & Co. IL purchased a new position in shares of Sony during the 3rd quarter valued at about $426,000. Finally, Baird Financial Group Inc. purchased a new position in shares of Sony during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 7.64% of the company’s stock.
NYSE SNE opened at $51.86 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.79 and a current ratio of 0.92. Sony Corp has a 12 month low of $44.37 and a 12 month high of $61.02. The company has a market capitalization of $65.09 billion, a P/E ratio of 15.76, a price-to-earnings-growth ratio of 1.13 and a beta of 1.62.
Sony (NYSE:SNE) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $1.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.29. Sony had a return on equity of 17.19% and a net margin of 7.70%. The company had revenue of $19.58 billion for the quarter. As a group, equities analysts forecast that Sony Corp will post 4.54 earnings per share for the current year.
A number of research firms have recently weighed in on SNE. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Zacks Investment Research cut Sony from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Credit Suisse Group raised Sony from a “neutral” rating to an “outperform” rating in a report on Monday, September 10th. JPMorgan Chase & Co. raised Sony from a “neutral” rating to a “buy” rating in a report on Friday, November 30th. Finally, Piper Jaffray Companies reissued an “overweight” rating on shares of Sony in a report on Friday, October 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $67.07.
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Sony Company Profile
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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