Boothbay Fund Management LLC Acquires New Holdings in Sony Corp (SNE)

Boothbay Fund Management LLC acquired a new stake in Sony Corp (NYSE:SNE) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 68,619 shares of the company’s stock, valued at approximately $2,562,000.

Several other large investors also recently added to or reduced their stakes in the business. Bank of Montreal Can grew its stake in shares of Sony by 0.3% in the second quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after acquiring an additional 87 shares in the last quarter. Raymond James Trust N.A. grew its stake in shares of Sony by 1.8% in the second quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock valued at $235,000 after acquiring an additional 111 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of Sony by 5.6% in the second quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after acquiring an additional 139 shares in the last quarter. Fiera Capital Corp grew its stake in shares of Sony by 1.8% in the second quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after acquiring an additional 175 shares in the last quarter. Finally, Earnest Partners LLC grew its stake in shares of Sony by 1.4% in the second quarter. Earnest Partners LLC now owns 15,377 shares of the company’s stock valued at $587,000 after acquiring an additional 208 shares in the last quarter. Hedge funds and other institutional investors own 6.78% of the company’s stock.

Sony Corp (NYSE SNE) traded down $0.96 on Thursday, reaching $44.91. 971,300 shares of the company traded hands, compared to its average volume of 857,975. Sony Corp has a 1-year low of $27.91 and a 1-year high of $48.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. The company has a market capitalization of $57,959.36, a PE ratio of 25.77 and a beta of 1.78.

Several research firms recently commented on SNE. Jefferies Group restated a “buy” rating and issued a $59.84 price target on shares of Sony in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup downgraded shares of Sony from a “buy” rating to a “neutral” rating and decreased their price target for the company from $40.60 to $39.93 in a research note on Monday, September 11th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.94.

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Sony 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.

Institutional Ownership by Quarter for Sony (NYSE:SNE)

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