Teachers Retirement System of The State of Kentucky Increases Stock Holdings in Sony Corporation (NYSE:SONY)

Teachers Retirement System of The State of Kentucky boosted its stake in shares of Sony Corporation (NYSE:SONY - Free Report) by 60.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 936,100 shares of the company's stock after acquiring an additional 353,700 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in Sony were worth $23,767,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Aristotle Capital Management LLC boosted its holdings in shares of Sony by 393.7% in the fourth quarter. Aristotle Capital Management LLC now owns 52,771,882 shares of the company's stock valued at $1,116,653,000 after acquiring an additional 42,083,842 shares in the last quarter. Bank of America Corp DE boosted its holdings in Sony by 377.7% in the 4th quarter. Bank of America Corp DE now owns 23,804,970 shares of the company's stock valued at $503,713,000 after purchasing an additional 18,821,902 shares in the last quarter. Fiduciary Management Inc. WI increased its position in Sony by 377.2% during the 4th 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 period. Mondrian Investment Partners LTD raised its stake in shares of Sony by 358.2% during 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. Finally, Northern Trust Corp lifted its holdings in shares of Sony by 609.6% in the 4th quarter. Northern Trust Corp now owns 7,587,683 shares of the company's stock valued at $160,555,000 after buying an additional 6,518,412 shares during the period. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Price Performance

NYSE SONY traded down $0.48 during trading hours on Friday, reaching $23.93. The company's stock had a trading volume of 3,078,481 shares, compared to its average volume of 4,433,159. Sony Corporation has a fifty-two week low of $15.96 and a fifty-two week high of $26.95. The stock has a market cap of $144.72 billion, a PE ratio of 19.38, a PEG ratio of 11.49 and a beta of 0.94. 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 company's 50-day moving average is $25.49 and its two-hundred day moving average is $24.11.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wolfe Research reissued a "peer perform" rating on shares of Sony in a report 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 initiated coverage on 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 assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price 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.