Athos Capital Ltd Invests $344,000 in Sony Corp Ord (SNE)
Athos Capital Ltd purchased a new position in Sony Corp Ord (NYSE:SNE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 9,000 shares of the company’s stock, valued at approximately $344,000.
Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new stake in shares of Sony Corp Ord during the fourth quarter worth about $3,017,000. Raymond James Trust N.A. acquired a new stake in shares of Sony Corp Ord during the first quarter worth about $205,000. Quadrant Capital Group LLC raised its stake in shares of Sony Corp Ord by 154.9% in the first quarter. Quadrant Capital Group LLC now owns 6,195 shares of the company’s stock worth $198,000 after buying an additional 3,765 shares during the period. Highland Capital Management LLC raised its stake in shares of Sony Corp Ord by 13.5% in the first quarter. Highland Capital Management LLC now owns 97,190 shares of the company’s stock worth $3,278,000 after buying an additional 11,540 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Sony Corp Ord by 29.2% in the first quarter. Bank of Montreal Can now owns 32,471 shares of the company’s stock worth $1,094,000 after buying an additional 7,348 shares during the period. Institutional investors own 6.96% of the company’s stock.
Sony Corp Ord (NYSE:SNE) opened at 40.02 on Thursday. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The firm has a market capitalization of $50.55 billion, a P/E ratio of 42.85 and a beta of 1.73. The stock’s 50 day moving average price is $39.57 and its 200-day moving average price is $34.94.
Sony Corp Ord (NYSE:SNE) last announced its earnings results on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.48 by $0.08. The business had revenue of $1,858.10 billion for the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The company’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the business posted $16.44 EPS. On average, analysts forecast that Sony Corp Ord will post $2.18 earnings per share for the current year.
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A number of analysts have issued reports on SNE shares. J P Morgan Chase & Co upgraded shares of Sony Corp Ord from a “neutral” rating to an “overweight” rating in a research note on Friday, April 21st. Sanford C. Bernstein started coverage on shares of Sony Corp Ord in a research note on Tuesday, April 25th. They set an “outperform” rating and a $41.00 price target on the stock. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating on shares of Sony Corp Ord in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Sony Corp Ord from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research note on Wednesday, May 3rd. Finally, BidaskClub raised Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Five investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Sony Corp Ord has an average rating of “Buy” and a consensus price target of $42.31.
Sony Corp Ord 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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