Crossmark Global Holdings Inc. lowered its position in Sony Corp (NYSE:SNE) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,745 shares of the company’s stock after selling 463 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sony were worth $3,723,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. State Street Corp increased its position in Sony by 450.0% during the 4th quarter. State Street Corp now owns 48,146 shares of the company’s stock worth $3,274,000 after purchasing an additional 39,392 shares in the last quarter. Csenge Advisory Group increased its position in Sony by 14.5% during the 4th quarter. Csenge Advisory Group now owns 4,318 shares of the company’s stock worth $294,000 after purchasing an additional 548 shares in the last quarter. Signaturefd LLC increased its position in Sony by 4.4% during the 4th quarter. Signaturefd LLC now owns 9,288 shares of the company’s stock worth $632,000 after purchasing an additional 394 shares in the last quarter. Arnhold LLC increased its position in Sony by 15.3% during the 4th quarter. Arnhold LLC now owns 127,970 shares of the company’s stock worth $8,702,000 after purchasing an additional 16,974 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. increased its position in Sony by 3,233.3% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 600 shares of the company’s stock worth $620,000 after purchasing an additional 582 shares in the last quarter. Institutional investors and hedge funds own 8.66% of the company’s stock.
Shares of NYSE:SNE opened at $68.83 on Friday. The stock’s 50-day moving average price is $70.56 and its two-hundred day moving average price is $62.59. The company has a current ratio of 0.88, a quick ratio of 0.78 and a debt-to-equity ratio of 0.13. Sony Corp has a 12-month low of $41.91 and a 12-month high of $73.86. The firm has a market cap of $87.05 billion, a price-to-earnings ratio of 14.59 and a beta of 1.46.
A number of research firms recently commented on SNE. ValuEngine cut Sony from a “hold” rating to a “sell” rating in a research report on Friday, January 3rd. UBS Group raised Sony from a “neutral” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Gabelli initiated coverage on Sony in a research note on Thursday, October 24th. They issued a “buy” rating and a $92.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $63.35.
Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.
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