Jolley Asset Management LLC Buys Shares of 10,000 Sony Corp (SNE)
Jolley Asset Management LLC bought a new position in Sony Corp (NYSE:SNE) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $449,000.
Several other large investors have also recently made changes to their positions in the company. Raymond James Trust N.A. raised its position in shares of Sony by 1.8% in the 2nd quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock worth $235,000 after acquiring an additional 111 shares in the last quarter. Fiera Capital Corp raised its position in shares of Sony by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock worth $370,000 after acquiring an additional 175 shares in the last quarter. Earnest Partners LLC raised its position in shares of Sony by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 15,377 shares of the company’s stock worth $587,000 after acquiring an additional 208 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Sony by 1.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 13,135 shares of the company’s stock worth $502,000 after acquiring an additional 231 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA raised its position in shares of Sony by 2.8% in the 2nd quarter. San Francisco Sentry Investment Group CA now owns 10,900 shares of the company’s stock worth $416,000 after acquiring an additional 300 shares in the last quarter. 6.77% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on SNE shares. Jefferies Group reaffirmed a “buy” rating and set a $59.84 price objective on shares of Sony in a research report on Friday, November 17th. Zacks Investment Research raised Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, January 2nd. ValuEngine raised Sony from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Morgan Stanley lowered Sony from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Sony currently has a consensus rating of “Buy” and a consensus target price of $48.19.
Sony Corp (NYSE SNE) traded up $0.87 during mid-day trading on Thursday, reaching $49.82. The company had a trading volume of 784,600 shares, compared to its average volume of 944,518. Sony Corp has a one year low of $29.16 and a one year high of $50.82. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 0.17. The company has a market cap of $61,720.00, a price-to-earnings ratio of 27.68 and a beta of 1.80.
Sony (NYSE:SNE) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.36. Sony had a return on equity of 7.97% and a net margin of 3.17%. equities research analysts predict that Sony Corp will post 2.88 earnings per share for the current year.
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Sony Company Profile
Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.
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