Marsico Capital Management LLC Takes Position in Sony Corporation $SONY

Marsico Capital Management LLC purchased a new position in shares of Sony Corporation (NYSE:SONY) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 328,733 shares of the company’s stock, valued at approximately $8,557,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC acquired a new position in Sony in the second quarter valued at $28,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Sony by 220.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,148 shares of the company’s stock valued at $30,000 after purchasing an additional 790 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Sony in the 2nd quarter valued at about $39,000. Zions Bancorporation National Association UT acquired a new stake in shares of Sony in the 1st quarter valued at about $47,000. Finally, Financial Management Professionals Inc. grew its stake in Sony by 81.5% during the 2nd quarter. Financial Management Professionals Inc. now owns 1,980 shares of the company’s stock worth $52,000 after buying an additional 889 shares during the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Stock Performance

Shares of SONY opened at $27.79 on Friday. The stock has a market capitalization of $168.03 billion, a P/E ratio of 22.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.09. Sony Corporation has a 1 year low of $18.97 and a 1 year high of $30.34. The company’s fifty day moving average is $28.94 and its two-hundred day moving average is $27.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Cfra Research upgraded Sony to a “moderate buy” rating in a research note on Friday, October 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Sony in a research report on Wednesday, October 8th. Nomura Securities upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Zacks Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 16th. Finally, Nomura upgraded shares of Sony from a “neutral” rating to a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $33.00.

Sony 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.