Delta Capital Management LLC lowered its position in Sony Corp (NYSE:SNE) by 26.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 74,279 shares of the company’s stock after selling 26,140 shares during the period. Sony comprises approximately 2.9% of Delta Capital Management LLC’s holdings, making the stock its 8th largest position. Delta Capital Management LLC’s holdings in Sony were worth $4,392,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of SNE. Bank of America Corp DE boosted its holdings in shares of Sony by 54.3% during the 2nd quarter. Bank of America Corp DE now owns 5,654,760 shares of the company’s stock valued at $296,254,000 after purchasing an additional 1,991,129 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Sony by 361.1% during the 2nd quarter. BlackRock Inc. now owns 4,035,069 shares of the company’s stock valued at $211,397,000 after purchasing an additional 3,159,926 shares during the last quarter. Soroban Capital Partners LP boosted its holdings in shares of Sony by 31.2% during the 2nd quarter. Soroban Capital Partners LP now owns 3,831,895 shares of the company’s stock valued at $200,753,000 after purchasing an additional 910,786 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Sony by 18.3% during the 2nd quarter. Renaissance Technologies LLC now owns 3,712,000 shares of the company’s stock valued at $194,472,000 after purchasing an additional 573,000 shares during the last quarter. Finally, Suvretta Capital Management LLC bought a new position in shares of Sony during the 2nd quarter valued at about $162,743,000. 8.69% of the stock is owned by institutional investors.
Shares of SNE traded up $1.25 during midday trading on Friday, hitting $58.58. 30,832 shares of the company traded hands, compared to its average volume of 864,171. The firm has a 50 day moving average of $58.10 and a 200-day moving average of $52.62. Sony Corp has a 52 week low of $41.91 and a 52 week high of $60.74. The stock has a market cap of $71.56 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.87 and a beta of 1.41. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.72 and a current ratio of 0.83.
Sony (NYSE:SNE) last released its quarterly earnings data on Tuesday, July 30th. The company reported $1.08 EPS for the quarter, beating the consensus estimate of $0.78 by $0.30. Sony had a net margin of 9.70% and a return on equity of 19.21%. The business had revenue of $17.52 billion during the quarter, compared to the consensus estimate of $18.21 billion. Sell-side analysts predict that Sony Corp will post 3.98 earnings per share for the current fiscal year.
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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