Sony Group Co. (NYSE:SONY) Shares Acquired by Skylands Capital LLC

Skylands Capital LLC lifted its position in Sony Group Co. (NYSE:SONY) by 60.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,850 shares of the company’s stock after acquiring an additional 13,550 shares during the period. Skylands Capital LLC’s holdings in Sony Group were worth $759,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SONY. Cardinal Capital Management Inc. increased its position in shares of Sony Group by 403.7% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares during the period. Fisher Asset Management LLC raised its position in shares of Sony Group by 12.7% during the third quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock worth $834,013,000 after acquiring an additional 972,075 shares during the last quarter. Cambiar Investors LLC boosted its stake in Sony Group by 548.9% in the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock valued at $22,414,000 after acquiring an additional 896,013 shares during the last quarter. XY Capital Ltd boosted its holdings in Sony Group by 1,850.5% during the fourth quarter. XY Capital Ltd now owns 920,534 shares of the company’s stock worth $19,478,000 after buying an additional 873,339 shares during the last quarter. Finally, Pictet North America Advisors SA grew its holdings in shares of Sony Group by 333.4% in the 4th quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock valued at $22,375,000 after buying an additional 813,429 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

NYSE:SONY opened at $24.81 on Monday. The stock has a fifty day moving average of $21.74 and a 200 day moving average of $16.03. The firm has a market capitalization of $150.01 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 9.95 and a beta of 0.96. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.49 and a current ratio of 0.66. Sony Group Co. has a 52-week low of $15.02 and a 52-week high of $25.29.

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

Analysts Set New Price Targets

SONY has been the topic of a number of recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $33.00 target price (up previously from $25.00) on shares of Sony Group in a research report on Thursday. Sanford C. Bernstein started coverage on shares of Sony Group in a report on Thursday, January 16th. They set an “outperform” rating on the stock. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $28.00.

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.