Bryn Mawr Capital Management LLC Boosts Stock Position in Sony Group Co. (NYSE:SONY)

Bryn Mawr Capital Management LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 2,503.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,516 shares of the company's stock after purchasing an additional 57,230 shares during the period. Bryn Mawr Capital Management LLC's holdings in Sony Group were worth $1,259,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Silicon Valley Capital Partners increased its stake in Sony Group by 401.3% during the 4th quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company's stock valued at $25,000 after purchasing an additional 927 shares in the last quarter. General Partner Inc. grew its holdings in shares of Sony Group by 400.0% during the fourth quarter. General Partner Inc. now owns 1,245 shares of the company's stock valued at $26,000 after buying an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Sony Group in the 4th quarter valued at $26,000. Hilltop National Bank raised its stake in Sony Group by 346.3% in the 4th quarter. Hilltop National Bank now owns 1,513 shares of the company's stock worth $32,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in Sony Group by 400.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,505 shares of the company's stock worth $32,000 after acquiring an additional 1,204 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.

Sony Group Stock Performance

Shares of SONY stock traded down $0.12 on Friday, hitting $24.81. The company had a trading volume of 5,048,137 shares, compared to its average volume of 3,950,445. The firm has a market cap of $150.01 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96. Sony Group Co. has a twelve month low of $15.02 and a twelve month high of $25.29. The company has a 50-day moving average price of $21.68 and a 200-day moving average price of $15.71. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25.

Sony Group (NYSE:SONY - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.14. The company had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. As a group, equities research analysts predict that Sony Group Co. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SONY. Oppenheimer restated an "outperform" rating and issued a $33.00 price objective (up from $25.00) on shares of Sony Group in a research note on Thursday. StockNews.com lowered shares of Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein began coverage on shares of Sony Group in a research note on Thursday, January 16th. They set an "outperform" rating for the company. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $28.00.

Sony Group Company Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.