Calamos Advisors LLC Acquires 58,227 Shares of Sony Group Co. (NYSE:SONY)

Calamos Advisors LLC boosted its position in Sony Group Co. (NYSE:SONY - Free Report) by 399.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,789 shares of the company's stock after purchasing an additional 58,227 shares during the quarter. Calamos Advisors LLC's holdings in Sony Group were worth $1,540,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SONY. Cardinal Capital Management Inc. lifted its position in shares of Sony Group by 403.7% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company's stock valued at $33,986,000 after acquiring an additional 1,287,259 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of Sony Group during the 3rd quarter valued at $109,462,000. Fisher Asset Management LLC lifted its position in shares of Sony Group by 12.7% during the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company's stock valued at $834,013,000 after acquiring an additional 972,075 shares during the period. Manning & Napier Advisors LLC lifted its position in shares of Sony Group by 356.8% during the 4th quarter. Manning & Napier Advisors LLC now owns 968,813 shares of the company's stock worth $20,500,000 after buying an additional 756,705 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its position in shares of Sony Group by 411.2% during the 4th quarter. Crossmark Global Holdings Inc. now owns 528,988 shares of the company's stock worth $11,194,000 after buying an additional 425,515 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors.

Sony Group Price Performance

SONY traded up $0.41 on Wednesday, reaching $22.93. The stock had a trading volume of 3,873,527 shares, compared to its average volume of 3,650,374. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $22.96. The firm has a 50-day moving average of $21.07 and a 200-day moving average of $14.20. 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 company has a market capitalization of $138.64 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 10.96 and a beta of 0.96.

Analyst Ratings Changes

Several analysts recently weighed in on SONY shares. Oppenheimer dropped their price objective on Sony Group from $108.00 to $25.00 and set an "outperform" rating for the company in a research report on Tuesday, November 12th. Sanford C. Bernstein started coverage on Sony Group in a research report on Thursday, January 16th. They set an "outperform" rating for the company. StockNews.com downgraded Sony Group from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, TD Cowen dropped their price objective on Sony Group from $107.00 to $23.00 and set a "buy" rating for the company in a research report on Friday, October 11th. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sony Group has an average rating of "Buy" and an average target price of $24.00.

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.