Sony Corporation (NYSE:SONY) is Rock Point Advisors LLC's 3rd Largest Position

Rock Point Advisors LLC lessened its holdings in Sony Corporation (NYSE:SONY - Free Report) by 21.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 493,185 shares of the company's stock after selling 132,080 shares during the period. Sony makes up approximately 3.9% of Rock Point Advisors LLC's portfolio, making the stock its 3rd largest position. Rock Point Advisors LLC's holdings in Sony were worth $12,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA increased its position in Sony by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after buying an additional 80,724,932 shares during the period. Aristotle Capital Management LLC boosted its position in shares of Sony by 393.7% during the 4th quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock worth $1,116,653,000 after purchasing an additional 42,083,842 shares in the last quarter. Bank of America Corp DE grew its position in Sony by 377.7% during the fourth quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock worth $503,713,000 after buying an additional 18,821,902 shares during the period. Fiduciary Management Inc. WI raised its holdings in Sony by 377.2% during the fourth quarter. Fiduciary Management Inc. WI now owns 10,320,498 shares of the company's stock worth $218,382,000 after purchasing an additional 8,157,776 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in shares of Sony by 358.2% in the 4th quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after buying an additional 7,925,643 shares in the last quarter. 14.05% of the stock is owned by institutional investors and hedge funds.

Sony Price Performance

SONY stock traded down $0.55 on Thursday, hitting $24.62. 6,565,061 shares of the company's stock traded hands, compared to its average volume of 4,414,519. The stock has a market cap of $148.90 billion, a price-to-earnings ratio of 20.40, a P/E/G ratio of 12.10 and a beta of 0.94. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95. The stock has a fifty day moving average of $25.59 and a 200-day moving average of $23.94. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.

Analysts Set New Price Targets

A number of research analysts have issued reports on SONY shares. Wall Street Zen lowered shares of Sony from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Wolfe Research reiterated a "peer perform" rating on shares of Sony in a report on Monday, April 7th. 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 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 stock. According to MarketBeat.com, the company has a consensus 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.