Riverhead Capital Management LLC Continues to Hold Holdings in Sony Corp Ord (SNE)
Riverhead Capital Management LLC maintained its stake in shares of Sony Corp Ord (NYSE:SNE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the company’s stock at the end of the second quarter. Riverhead Capital Management LLC’s holdings in Sony Corp Ord were worth $1,069,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC raised its position in shares of Sony Corp Ord by 5.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after purchasing an additional 139 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Sony Corp Ord in the 2nd quarter valued at approximately $119,000. O Shaughnessy Asset Management LLC raised its position in shares of Sony Corp Ord by 1.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock valued at $172,000 after purchasing an additional 53 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Sony Corp Ord in the 2nd quarter valued at approximately $229,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Sony Corp Ord in the 1st quarter valued at approximately $232,000. 6.54% of the stock is owned by hedge funds and other institutional investors.
SNE has been the subject of several research analyst reports. BidaskClub lowered shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.74 price objective on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of Sony Corp Ord from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Finally, Citigroup Inc. lowered shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $40.60 to $39.93 in a research report on Monday, September 11th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $43.42.
Sony Corp Ord (SNE) opened at 38.66 on Friday. The firm’s 50-day moving average is $39.44 and its 200-day moving average is $36.39. The stock has a market capitalization of $48.83 billion, a price-to-earnings ratio of 40.74 and a beta of 1.77. Sony Corp Ord has a 52-week low of $27.72 and a 52-week high of $41.65.
Sony Corp Ord (NYSE:SNE) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.08. Sony Corp Ord had a return on equity of 4.17% and a net margin of 1.67%. The firm had revenue of $1,858.10 billion during the quarter, compared to the consensus estimate of $1,735.86 billion. During the same period in the prior year, the company posted $16.44 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. Analysts predict that Sony Corp Ord will post $2.21 earnings per share for the current year.
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Sony Corp Ord 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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