Teachers Retirement System of The State of Kentucky Buys 57,100 Shares of Sony Corporation $SONY

Teachers Retirement System of The State of Kentucky grew its position in Sony Corporation (NYSE:SONY) by 8.3% during the 3rd quarter, Holdings Channel reports. The firm owned 743,700 shares of the company’s stock after purchasing an additional 57,100 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Sony were worth $21,411,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in Sony by 422.0% in the fourth quarter. Brighton Jones LLC now owns 19,908 shares of the company’s stock valued at $421,000 after buying an additional 16,094 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Sony by 26.7% during the first quarter. AQR Capital Management LLC now owns 178,889 shares of the company’s stock worth $4,542,000 after buying an additional 37,677 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Sony by 23.4% in the second quarter. Sivia Capital Partners LLC now owns 22,013 shares of the company’s stock valued at $573,000 after acquiring an additional 4,172 shares during the last quarter. Spire Wealth Management raised its stake in shares of Sony by 92.4% in the second quarter. Spire Wealth Management now owns 9,379 shares of the company’s stock valued at $244,000 after acquiring an additional 4,504 shares during the last quarter. Finally, Mission Wealth Management LP boosted its holdings in shares of Sony by 9.5% in the 2nd quarter. Mission Wealth Management LP now owns 38,018 shares of the company’s stock worth $990,000 after acquiring an additional 3,292 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SONY. Nomura raised Sony from a “neutral” rating to a “buy” rating in a report on Wednesday, November 19th. Weiss Ratings cut Sony from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Sony to a “hold” rating in a report on Saturday, December 6th. Zacks Research downgraded shares of Sony from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $30.00 price target (down from $33.00) on shares of Sony in a research note on Wednesday, January 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Sony Stock Performance

Shares of NYSE:SONY opened at $21.56 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. Sony Corporation has a 1-year low of $20.42 and a 1-year high of $30.34. The stock has a market capitalization of $130.39 billion, a P/E ratio of -107.79, a P/E/G ratio of 8.06 and a beta of 0.94. The business has a 50-day moving average price of $23.51 and a two-hundred day moving average price of $26.67.

Sony Profile

Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.

Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.