Trading Report: Today: GRATRY & Co LLC Increases Position in Sony Corp. (SNE)

Today: GRATRY & Co LLC Increases Position in Sony Corp. (SNE)

GRATRY & Co LLC boosted its position in shares of Sony Corp. (NYSE:SNE) by 32.5% during the third quarter, Holdings Channel reports. The institutional investor owned 109,779 shares of the company’s stock after buying an additional 26,949 shares during the period. Sony Corp. accounts for about 2.8% of GRATRY & Co LLC’s investment portfolio, making the stock its 16th largest position. GRATRY & Co LLC’s holdings in Sony Corp. were worth $3,646,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SNE. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Sony Corp. by 51.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,413 shares of the company’s stock worth $100,000 after buying an additional 1,159 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Sony Corp. during the second quarter valued at $127,000. Sei Investments Co. boosted its stake in shares of Sony Corp. by 133.3% in the second quarter. Sei Investments Co. now owns 4,596 shares of the company’s stock valued at $135,000 after buying an additional 2,626 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Sony Corp. during the second quarter valued at $144,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Sony Corp. during the third quarter valued at $208,000. Institutional investors and hedge funds own 6.55% of the company’s stock.

Sony Corp. (NYSE:SNE) opened at 29.50 on Monday. The company has a 50 day moving average of $31.26 and a 200 day moving average of $30.71. The company has a market capitalization of $37.23 billion, a PE ratio of 73.02 and a beta of 2.03. Sony Corp. has a 52-week low of $19.90 and a 52-week high of $34.17.

Sony Corp. (NYSE:SNE) last announced its earnings results on Monday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.11. The business had revenue of $1,688.90 billion for the quarter, compared to analysts’ expectations of $16.90 billion. Sony Corp. had a return on equity of 1.67% and a net margin of 0.67%. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the firm posted $26.10 earnings per share. On average, equities research analysts forecast that Sony Corp. will post $0.52 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Vetr upgraded Sony Corp. from a “sell” rating to a “buy” rating and set a $35.49 price target on the stock in a research report on Tuesday, September 6th. Zacks Investment Research upgraded Sony Corp. from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research report on Wednesday, September 28th. Finally, TheStreet upgraded Sony Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, August 11th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $37.25.

Sony Corp. Company Profile

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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