U.S. Capital Wealth Advisors LLC Sells 108,025 Shares of Sonos, Inc. (NASDAQ:SONO)

U.S. Capital Wealth Advisors LLC lessened its holdings in Sonos, Inc. (NASDAQ:SONO - Free Report) by 81.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,800 shares of the company's stock after selling 108,025 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Sonos were worth $358,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SONO. Gladius Capital Management LP purchased a new stake in Sonos during the third quarter valued at about $30,000. KBC Group NV lifted its stake in Sonos by 52.5% in the 3rd quarter. KBC Group NV now owns 4,852 shares of the company's stock worth $60,000 after purchasing an additional 1,670 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Sonos by 50.1% in the 4th quarter. GAMMA Investing LLC now owns 4,048 shares of the company's stock valued at $61,000 after purchasing an additional 1,352 shares during the period. International Assets Investment Management LLC grew its position in shares of Sonos by 927.0% during the 3rd quarter. International Assets Investment Management LLC now owns 7,497 shares of the company's stock valued at $92,000 after purchasing an additional 6,767 shares in the last quarter. Finally, Hohimer Wealth Management LLC bought a new position in Sonos in the 3rd quarter worth about $148,000. Institutional investors own 85.82% of the company's stock.

Sonos Stock Down 0.6 %

Shares of NASDAQ SONO traded down $0.08 during trading hours on Monday, reaching $13.80. 2,972,267 shares of the stock traded hands, compared to its average volume of 2,187,302. The company's 50-day simple moving average is $14.44 and its two-hundred day simple moving average is $13.18. The company has a market capitalization of $1.66 billion, a P/E ratio of -24.21 and a beta of 1.97. Sonos, Inc. has a 52-week low of $10.23 and a 52-week high of $19.76.

Sonos (NASDAQ:SONO - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Sonos had a negative net margin of 4.73% and a negative return on equity of 13.22%. As a group, sell-side analysts forecast that Sonos, Inc. will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reissued a "buy" rating and set a $18.00 price objective on shares of Sonos in a report on Friday.

About Sonos

Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories. The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.