Clark Estates Inc. NY Raises Holdings in Sony Group Co. (NYSE:SONY)

Clark Estates Inc. NY grew its stake in shares of Sony Group Co. (NYSE:SONY) by 833.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 700,000 shares of the company’s stock after acquiring an additional 625,000 shares during the period. Sony Group accounts for about 2.9% of Clark Estates Inc. NY’s investment portfolio, making the stock its 8th biggest holding. Clark Estates Inc. NY’s holdings in Sony Group were worth $14,812,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Fiduciary Trust Co increased its holdings in Sony Group by 13.4% during the third quarter. Fiduciary Trust Co now owns 4,965 shares of the company’s stock valued at $479,000 after buying an additional 585 shares during the period. First Horizon Advisors Inc. boosted its position in Sony Group by 14.9% during the 3rd quarter. First Horizon Advisors Inc. now owns 4,629 shares of the company’s stock valued at $447,000 after acquiring an additional 599 shares in the last quarter. West Family Investments Inc. increased its holdings in shares of Sony Group by 13.0% in the 3rd quarter. West Family Investments Inc. now owns 5,422 shares of the company’s stock valued at $524,000 after acquiring an additional 623 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Sony Group by 106.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,390 shares of the company’s stock worth $134,000 after acquiring an additional 716 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Sony Group by 23.2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 3,993 shares of the company’s stock worth $352,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 14.05% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SONY. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Oppenheimer reiterated an “outperform” rating and set a $33.00 price objective (up previously from $25.00) on shares of Sony Group in a research note on Thursday, February 20th. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $28.00.

Sony Group Price Performance

Shares of NYSE SONY opened at $24.16 on Wednesday. Sony Group Co. has a fifty-two week low of $15.02 and a fifty-two week high of $25.64. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. The company has a market cap of $146.09 billion, a PE ratio of 19.61, a P/E/G ratio of 9.95 and a beta of 0.96. The business has a 50-day simple moving average of $22.26 and a two-hundred day simple moving average of $17.09.

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 the consensus estimate of $0.27 by $0.14. The company had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. As a group, equities analysts expect that Sony Group Co. will post 1.23 EPS for the current fiscal year.

Sony Group Company 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.