Telemus Capital LLC, an institutional investor, recently reduced its stake in Sony Group Co. (NYSE:SONY) during the second quarter of this year by 8.7%. According to a Form 13F filing with the Securities and Exchange Commission (SEC), Telemus Capital LLC sold 1,649 shares and now owns 17,411 shares of Sony Group’s stock. As of the filing date, Telemus Capital LLC’s holdings in Sony Group were valued at $1,568,000.
For individuals interested in tracking the latest information on hedge funds’ investments in Sony Group, HoldingsChannel.com provides access to the most recent 13F filings and insider trades.
Various equities analysts have also issued reports on Sony Group. On July 12th, The Goldman Sachs Group upgraded their rating on Sony Group from “neutral” to “buy” in a research report. Additionally, StockNews.com initiated coverage on Sony Group shares on August 17th and assigned a “hold” rating.
However, it is important to note that not all reports have been favorable for Sony Group. On August 16th, TheStreet downgraded Sony Group from a “b-” rating to a “c+” rating.
Investors will continue to monitor these ratings and assessments as they make decisions regarding their own investments in Sony Group Co. (NYSE:SONY).
Changes in Hedge Fund Positions for Sony Group: Increased Ownership and Share Adjustments
Sony Group Sees Changes in Hedge Fund Positions
September 17, 2023
In recent months, several hedge funds have made adjustments to their positions in Sony Group, leading to increased ownership and changes in shares. One such fund is Global Retirement Partners LLC, which saw a 25.9% increase in its position during the first quarter of this year. The company now owns 1,847 shares of Sony Group’s stock worth approximately $171,000 after acquiring an additional 380 shares.
O Shaughnessy Asset Management LLC also experienced a significant increase of 56% in its position during the fourth quarter of last year. The firm now holds 51,424 shares valued at around $3.923 million after acquiring an additional 18,458 shares. Similarly, DMC Group LLC saw its position increase by 14.1% during the first quarter of this year, resulting in the acquisition of an extra 559 shares valued at $414,000.
Additionally, Personal CFO Solutions LLC witnessed a modest increase of 3.9% during the first quarter and now owns 4,383 shares valued at $397,000. Lastly, 44 Wealth Management LLC entered a new position with Sony Group during the first quarter with a valuation of $241,000.
Overall, it is notable that hedge funds and other institutional investors own approximately 8.02% of Sony Group’s stock.
On Friday, September 17th, SONY stock opened at $86.76. The company has seen a range between a low of $61.72 and a high of $100.94 over the past year. Its fifty-day simple moving average stands at $87.64 while its two-hundred-day simple moving average is slightly higher at $90.42. With regards to financial health indicators, Sony Group Co.’s quick ratio is reported as 0.47 while its current ratio stands at 0.65. The company has a debt-to-equity ratio of 0.26 and a market capitalization of $107.06 billion.
Drawing further insights into the company’s financial performance, it is important to consider its price-to-earnings ratio of 15.86, which indicates the relationship between stock price and earnings per share. The price-to-earnings-growth ratio is reported as 3.60, suggesting a higher valuation for future growth opportunities relative to current earnings growth potential. Sony Group Co.’s beta of 1.04 also indicates that the stock’s price movements are expected to closely follow that of the broader market.
With all this information in mind, investors may seek more details on hedge funds’ positions in Sony Group by visiting HoldingsChannel.com for the latest 13F filings and insider trades.
Sony Group Corporation is a leading designer, developer, producer, and seller of electronic equipment, instruments, and devices worldwide. It caters to consumer, professional, and industrial markets across various regions including Japan, the United States, Europe, China, and the Asia-Pacific region. The company specializes in digital distribution of software titles and add-on content through networks, offering network services related to gaming, video streaming platforms like music content and home gaming consoles. Additionally, it provides packaged game software and peripheral devices.
Investors keeping an eye on Sony Group Co., ticker symbol SONY on the New York Stock Exchange (NYSE), may benefit from analyzing these changes in hedge fund positions when considering their investment strategies moving forward.
Disclaimer: This article provides general information only; it does not constitute legal or investment advice. Investors should consult with a professional adviser about their specific financial situation before making any investment decisions.