Quinn Opportunity Partners LLC Acquires 451,288 Shares of Sony Group Co. (NYSE:SONY)

Quinn Opportunity Partners LLC grew its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the fourth quarter, Holdings Channel reports. The firm owned 564,110 shares of the company’s stock after purchasing an additional 451,288 shares during the period. Sony Group accounts for about 0.8% of Quinn Opportunity Partners LLC’s portfolio, making the stock its 29th largest position. Quinn Opportunity Partners LLC’s holdings in Sony Group were worth $11,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Silicon Valley Capital Partners raised its holdings in Sony Group by 401.3% during the fourth quarter. Silicon Valley Capital Partners now owns 1,158 shares of the company’s stock valued at $25,000 after buying an additional 927 shares in the last quarter. General Partner Inc. increased its holdings in shares of Sony Group by 400.0% during the 4th quarter. General Partner Inc. now owns 1,245 shares of the company’s stock valued at $26,000 after acquiring an additional 996 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Sony Group in the 4th quarter valued at approximately $26,000. Fairscale Capital LLC lifted its holdings in Sony Group by 400.0% in the 4th quarter. Fairscale Capital LLC now owns 1,240 shares of the company’s stock worth $26,000 after purchasing an additional 992 shares during the last quarter. Finally, Accent Capital Management LLC boosted its position in Sony Group by 400.0% during the fourth quarter. Accent Capital Management LLC now owns 1,380 shares of the company’s stock worth $29,000 after purchasing an additional 1,104 shares during the period. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Price Performance

Shares of Sony Group stock opened at $22.93 on Friday. The firm has a fifty day moving average price of $23.93 and a two-hundred day moving average price of $20.97. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.78. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The company has a market cap of $138.69 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. The business had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SONY. Wolfe Research reissued a “peer perform” rating on shares of Sony Group in a research report on Monday. Oppenheimer reissued an “outperform” rating and set a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. StockNews.com cut shares of Sony Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, The Goldman Sachs Group initiated coverage on Sony Group in a research note on Tuesday, March 25th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sony Group currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Sony Group 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.