Sony Group Co. (NYSE:SONY) Shares Purchased by Delta Capital Management LLC

Delta Capital Management LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 400.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,925 shares of the company’s stock after buying an additional 130,340 shares during the period. Sony Group makes up 5.9% of Delta Capital Management LLC’s holdings, making the stock its 2nd largest position. Delta Capital Management LLC’s holdings in Sony Group were worth $15,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SONY. Marshall Wace LLP increased its holdings in shares of Sony Group by 8,495.0% during the second quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock valued at $72,073,000 after acquiring an additional 838,543 shares in the last quarter. Mondrian Investment Partners LTD grew its position in Sony Group by 43.4% during the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock worth $220,033,000 after purchasing an additional 774,502 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in Sony Group during the 2nd quarter valued at approximately $18,567,000. Pictet North America Advisors SA purchased a new position in shares of Sony Group in the first quarter worth $18,702,000. Finally, Alight Capital Management LP acquired a new stake in shares of Sony Group during the second quarter worth $12,742,000. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Sony Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 9th. TD Cowen reduced their price objective on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $22.30.

Sony Group Trading Up 0.6 %

NYSE SONY opened at $18.98 on Monday. The company has a fifty day moving average of $29.20 and a 200 day moving average of $21.24. The company has a market capitalization of $114.78 billion, a PE ratio of 17.64 and a beta of 0.94. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $20.18. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. Research analysts forecast that Sony Group Co. will post 0.61 earnings per share for the current year.

About Sony Group

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.