Quinn Opportunity Partners LLC Purchases 451,288 Shares of Sony Group Co. (NYSE:SONY)

Quinn Opportunity Partners LLC lifted its stake in shares of Sony Group Co. (NYSE:SONY - Free Report) by 400.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 564,110 shares of the company's stock after buying an additional 451,288 shares during the period. Sony Group comprises about 0.8% of Quinn Opportunity Partners LLC's holdings, making the stock its 29th largest position. Quinn Opportunity Partners LLC's holdings in Sony Group were worth $11,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of SONY. Primecap Management Co. CA boosted its holdings in Sony Group by 379.5% during the fourth quarter. Primecap Management Co. CA now owns 101,995,855 shares of the company's stock worth $2,158,232,000 after purchasing an additional 80,724,932 shares during the last quarter. Fisher Asset Management LLC increased its position in shares of Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company's stock valued at $961,089,000 after acquiring an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD boosted its position in Sony Group by 358.2% in the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company's stock worth $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Sony Group by 401.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 7,141,717 shares of the company's stock valued at $151,119,000 after purchasing an additional 5,718,378 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of Sony Group by 383.5% in the 4th quarter. Clearbridge Investments LLC now owns 5,929,924 shares of the company's stock worth $125,477,000 after buying an additional 4,703,571 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Trading Down 1.5 %

Shares of NYSE:SONY traded down $0.36 on Wednesday, hitting $23.32. The company had a trading volume of 1,728,248 shares, compared to its average volume of 5,180,628. The firm's 50-day simple moving average is $23.97 and its two-hundred day simple moving average is $21.38. The firm has a market capitalization of $141.03 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 9.95 and a beta of 0.94. 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 Co. has a 1 year low of $15.02 and a 1 year high of $25.78.

Sony Group (NYSE:SONY - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. The business had revenue of $28.95 billion for the quarter, compared to analysts' expectations of $24.32 billion. Equities analysts anticipate that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on SONY. The Goldman Sachs Group initiated coverage on shares of Sony Group in a research report on Tuesday, March 25th. They set a "buy" rating for the company. Sanford C. Bernstein started coverage on Sony Group in a report on Thursday, January 16th. They issued an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Wolfe Research reissued a "peer perform" rating on shares of Sony Group in a research note on Monday, April 7th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target 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.