11,648 Shares in Sony Corporation (NYSE:SONY) Bought by Cable Hill Partners LLC

Cable Hill Partners LLC acquired a new stake in Sony Corporation (NYSE:SONY - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,648 shares of the company's stock, valued at approximately $303,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Forum Financial Management LP boosted its position in shares of Sony by 536.0% during the fourth quarter. Forum Financial Management LP now owns 115,250 shares of the company's stock worth $2,439,000 after buying an additional 97,130 shares during the period. Teachers Retirement System of The State of Kentucky raised its holdings in Sony by 435.8% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 582,400 shares of the company's stock worth $12,323,000 after acquiring an additional 473,700 shares in the last quarter. BSW Wealth Partners raised its holdings in Sony by 87.0% during the first quarter. BSW Wealth Partners now owns 26,662 shares of the company's stock worth $677,000 after acquiring an additional 12,404 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Sony by 386.6% during the fourth quarter. Ameriprise Financial Inc. now owns 917,856 shares of the company's stock worth $19,424,000 after acquiring an additional 729,218 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sony by 507.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 481,130 shares of the company's stock worth $10,181,000 after acquiring an additional 401,919 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Price Performance

Shares of SONY traded down $0.43 during midday trading on Friday, hitting $23.99. The company's stock had a trading volume of 1,256,617 shares, compared to its average volume of 4,435,717. Sony Corporation has a one year low of $15.96 and a one year high of $26.95. The company's fifty day simple moving average is $25.50 and its two-hundred day simple moving average is $24.07. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $145.05 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 11.52 and a beta of 0.94.

Analyst Ratings Changes

SONY has been the subject of a number of recent analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. The Goldman Sachs Group initiated coverage on Sony in a report on Tuesday, March 25th. They set a "buy" rating for the company. Finally, Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sony currently has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.