Rock Point Advisors LLC Has $12.52 Million Stock Position in Sony Corporation (NYSE:SONY)

Rock Point Advisors LLC lessened its holdings in Sony Corporation (NYSE:SONY - Free Report) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 493,185 shares of the company's stock after selling 132,080 shares during the quarter. Sony accounts for approximately 3.9% of Rock Point Advisors LLC's holdings, making the stock its 3rd biggest holding. Rock Point Advisors LLC's holdings in Sony were worth $12,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of SONY. Capital Analysts LLC boosted its stake in shares of Sony by 400.0% in the 4th quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after purchasing an additional 936 shares in the last quarter. City Holding Co. acquired a new position in Sony during the 1st quarter worth about $30,000. Bartlett & CO. Wealth Management LLC acquired a new position in Sony during the 1st quarter worth about $31,000. Accent Capital Management LLC lifted its position in Sony by 400.0% during the 4th 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 lifted its position in Sony by 400.0% during the 4th 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. Institutional investors own 14.05% of the company's stock.

Analysts Set New Price Targets

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

Sony Stock Down 1.0%

SONY stock traded down $0.24 during mid-day trading on Friday, hitting $24.42. 2,425,256 shares of the company were exchanged, compared to its average volume of 4,407,072. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.57 and a current ratio of 0.70. The firm has a market cap of $147.65 billion, a P/E ratio of 19.79, a P/E/G ratio of 12.10 and a beta of 0.94. The firm's 50 day simple moving average is $25.58 and its 200 day simple moving average is $23.96. Sony Corporation has a 1-year low of $15.96 and a 1-year high of $26.95.

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.