Aristotle Capital Management LLC boosted its holdings in Sony Group Co. (NYSE:SONY - Free Report) by 393.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,771,882 shares of the company's stock after acquiring an additional 42,083,842 shares during the quarter. Sony Group accounts for about 2.2% of Aristotle Capital Management LLC's investment portfolio, making the stock its 13th biggest position. Aristotle Capital Management LLC owned about 0.87% of Sony Group worth $1,116,653,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in SONY. FCA Corp TX grew its stake in Sony Group by 22.5% during the fourth quarter. FCA Corp TX now owns 4,900 shares of the company's stock worth $104,000 after buying an additional 900 shares during the last quarter. Silicon Valley Capital Partners increased its stake in shares of Sony Group by 401.3% in the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after buying an additional 927 shares during the period. Capital Analysts LLC increased its position in Sony Group by 400.0% in 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 during the period. Fairscale Capital LLC raised its stake in shares of Sony Group by 400.0% during the fourth quarter. Fairscale Capital LLC now owns 1,240 shares of the company's stock worth $26,000 after buying an additional 992 shares during the last quarter. Finally, General Partner Inc. raised its position in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Institutional investors and hedge funds own 14.05% of the company's stock.
Sony Group Stock Down 1.7 %
NYSE SONY traded down $0.42 on Thursday, reaching $24.60. The company had a trading volume of 2,813,356 shares, compared to its average volume of 4,271,200. The company's fifty day moving average is $24.21 and its 200-day moving average is $22.02. The firm has a market capitalization of $148.77 billion, a price-to-earnings ratio of 19.97, a price-to-earnings-growth ratio of 9.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 1-year low of $15.02 and a 1-year high of $26.08.
Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The company had revenue of $28.95 billion during the quarter, compared to analysts' expectations of $24.32 billion. On average, research analysts forecast that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on SONY. Oppenheimer restated an "outperform" rating and set a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com cut shares of Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research restated a "peer perform" rating on shares of Sony Group in a research report on Monday, April 7th. Finally, The Goldman Sachs Group assumed coverage on Sony Group in a report on Tuesday, March 25th. They set 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 given a strong buy rating to the company. According to MarketBeat, Sony Group currently has an average rating of "Moderate Buy" and an average price target of $28.00.
Check Out Our Latest Report on Sony Group
About Sony Group
(
Free Report)
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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