JCIC Asset Management Inc. grew its holdings in shares of Sony Group Co. (NYSE:SONY - Free Report) by 408.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,940 shares of the company's stock after buying an additional 125,293 shares during the quarter. Sony Group accounts for about 1.3% of JCIC Asset Management Inc.'s investment portfolio, making the stock its 24th largest holding. JCIC Asset Management Inc.'s holdings in Sony Group were worth $3,300,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Wealth Alliance lifted its holdings in Sony Group by 1.2% during the 2nd quarter. Wealth Alliance now owns 11,977 shares of the company's stock worth $1,017,000 after buying an additional 141 shares during the last quarter. Johnson Investment Counsel Inc. lifted its stake in Sony Group by 1.8% during the second quarter. Johnson Investment Counsel Inc. now owns 8,346 shares of the company's stock worth $709,000 after purchasing an additional 146 shares during the last quarter. Blair William & Co. IL boosted its holdings in Sony Group by 4.6% in the second quarter. Blair William & Co. IL now owns 4,803 shares of the company's stock worth $408,000 after purchasing an additional 212 shares during the period. Hexagon Capital Partners LLC increased its stake in Sony Group by 38.6% during the third quarter. Hexagon Capital Partners LLC now owns 836 shares of the company's stock valued at $81,000 after purchasing an additional 233 shares during the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of Sony Group by 12.9% during the third quarter. Wedmont Private Capital now owns 2,767 shares of the company's stock worth $265,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 14.05% of the company's stock.
Sony Group Stock Performance
Sony Group stock traded down $0.12 during midday trading on Monday, reaching $20.23. 2,695,137 shares of the stock traded hands, compared to its average volume of 3,122,055. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.71. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The firm has a market cap of $122.34 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 13.74 and a beta of 0.95. The firm has a fifty day moving average price of $20.31 and a two-hundred day moving average price of $12.22.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SONY. TD Cowen decreased their price target on shares of Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a report on Friday, October 11th. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, November 19th. Oppenheimer lowered their target price on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a report on Tuesday, November 12th. Finally, Daiwa America raised Sony Group to a "strong-buy" rating in a report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $24.00.
Read Our Latest Stock Analysis on Sony Group
About Sony Group
(
Free Report)
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.
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