Denali Advisors LLC Takes Position in Sony Corporation (NYSE:SONY)

Denali Advisors LLC purchased a new stake in shares of Sony Corporation (NYSE:SONY - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 12,341 shares of the company's stock, valued at approximately $313,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Capital Analysts LLC grew its holdings in shares of Sony by 400.0% during the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock worth $25,000 after purchasing an additional 936 shares in the last quarter. City Holding Co. purchased a new stake in Sony in the first quarter worth approximately $30,000. Bartlett & CO. Wealth Management LLC purchased a new stake in Sony in the first quarter worth approximately $31,000. Accent Capital Management LLC boosted its stake in Sony by 400.0% in the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company's stock worth $29,000 after buying an additional 1,104 shares in the last quarter. Finally, Operose Advisors LLC boosted its stake in Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock worth $32,000 after buying an additional 1,216 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SONY. Wolfe Research reaffirmed a "peer perform" rating on shares of Sony in a research note on Monday, April 7th. Wall Street Zen lowered Sony from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, The Goldman Sachs Group assumed coverage on Sony in a report on Tuesday, March 25th. They issued a "buy" rating for the company. Two investment 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. Based on data from MarketBeat.com, Sony has a consensus rating of "Moderate Buy" and an average price target of $28.00.

Sony Price Performance

Shares of NYSE:SONY opened at $23.93 on Monday. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.70 and a quick ratio of 0.57. The business has a fifty day moving average price of $25.49 and a 200-day moving average price of $24.13. The company has a market capitalization of $144.72 billion, a PE ratio of 19.39, a PEG ratio of 11.49 and a beta of 0.94.

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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