Quantbot Technologies LP Acquires Shares of 14,939 Sony Corp (SNE)
Quantbot Technologies LP acquired a new position in shares of Sony Corp (NYSE:SNE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,939 shares of the company’s stock, valued at approximately $557,000.
Several other institutional investors and hedge funds have also modified their holdings of SNE. Proficio Capital Partners LLC increased its stake in shares of Sony Corp by 5.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after purchasing an additional 139 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of Sony Corp during the 2nd quarter worth approximately $119,000. Parallax Volatility Advisers L.P. increased its stake in shares of Sony Corp by 206.3% during the 2nd quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after purchasing an additional 8,451 shares in the last quarter. Cookson Peirce & Co. Inc. purchased a new stake in Sony Corp in the 2nd quarter worth approximately $201,000. Finally, Opes Advisors Inc purchased a new stake in Sony Corp in the 2nd quarter worth approximately $206,000. 6.61% of the stock is owned by institutional investors and hedge funds.
Several analysts have commented on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $45.74 target price on shares of Sony Corp in a research note on Tuesday, October 24th. Credit Suisse Group cut shares of Sony Corp from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Zacks Investment Research cut shares of Sony Corp from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Citigroup Inc. cut shares of Sony Corp from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Finally, Morgan Stanley cut shares of Sony Corp from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $46.94.
Sony Corp (SNE) traded up $0.67 during mid-day trading on Friday, reaching $47.89. 402,374 shares of the company’s stock traded hands, compared to its average volume of 1,357,243. The stock has a market cap of $59,644.86, a PE ratio of 26.53 and a beta of 1.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. Sony Corp has a 12-month low of $27.72 and a 12-month high of $48.03.
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Sony Corp 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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