Pacer Advisors Inc. raised its holdings in Sony Corp (NYSE:SNE) by 61.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,346 shares of the company’s stock after buying an additional 6,977 shares during the quarter. Pacer Advisors Inc.’s holdings in Sony were worth $961,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Renaissance Technologies LLC increased its holdings in Sony by 18.3% in the 2nd quarter. Renaissance Technologies LLC now owns 3,712,000 shares of the company’s stock valued at $194,472,000 after buying an additional 573,000 shares during the period. Aperio Group LLC grew its holdings in shares of Sony by 7.4% in the 2nd quarter. Aperio Group LLC now owns 812,580 shares of the company’s stock worth $42,571,000 after purchasing an additional 56,327 shares during the last quarter. Minneapolis Portfolio Management Group LLC grew its holdings in shares of Sony by 13.6% in the 2nd quarter. Minneapolis Portfolio Management Group LLC now owns 633,816 shares of the company’s stock worth $33,206,000 after purchasing an additional 75,645 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sony by 0.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 565,786 shares of the company’s stock worth $27,316,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Sony in the 2nd quarter worth about $23,987,000. 8.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of SNE traded up $0.11 during trading hours on Friday, hitting $60.36. The stock had a trading volume of 654,169 shares, compared to its average volume of 874,373. The company’s fifty day moving average is $56.29 and its two-hundred day moving average is $50.96. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.72. Sony Corp has a 52 week low of $41.91 and a 52 week high of $61.02. The stock has a market capitalization of $76.27 billion, a price-to-earnings ratio of 9.39, a P/E/G ratio of 1.96 and a beta of 1.42.
Sony (NYSE:SNE) last posted its earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.30. Sony had a net margin of 9.70% and a return on equity of 19.21%. The business had revenue of $17.52 billion for the quarter, compared to analyst estimates of $18.21 billion. Equities analysts predict that Sony Corp will post 3.97 EPS for the current fiscal year.
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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