Cerity Partners LLC Increases Stock Holdings in Sony Corporation (NYSE:SONY)

Cerity Partners LLC grew its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 153.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 662,158 shares of the company's stock after buying an additional 400,740 shares during the period. Cerity Partners LLC's holdings in Sony were worth $16,812,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SONY. Capital Analysts LLC lifted its position in shares of Sony by 400.0% during the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares in the last quarter. Accent Capital Management LLC lifted its position in shares of Sony by 400.0% during the 4th quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock valued at $29,000 after buying an additional 1,104 shares in the last quarter. City Holding Co. purchased a new position in shares of Sony during the 1st quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC purchased a new position in shares of Sony during the 1st quarter valued at about $31,000. Finally, Operose Advisors LLC lifted its position in shares of Sony by 400.0% during the 4th quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after buying an additional 1,216 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Down 0.9%

NYSE SONY opened at $24.42 on Monday. The stock's 50 day moving average is $25.56 and its 200 day moving average is $24.02. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24. Sony Corporation has a 12 month low of $15.96 and a 12 month high of $26.95. The stock has a market cap of $147.68 billion, a PE ratio of 19.79, a P/E/G ratio of 11.74 and a beta of 0.94.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Sony from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research report on Monday, April 7th. Finally, The Goldman Sachs Group began coverage on Sony in a report on Tuesday, March 25th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $28.00.

About Sony

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.

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