Lenox Wealth Management Inc. Reduces Position in Sony Corp (NYSE:SNE)

Lenox Wealth Management Inc. lessened its stake in shares of Sony Corp (NYSE:SNE) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 26,285 shares of the company’s stock after selling 347 shares during the quarter. Lenox Wealth Management Inc.’s holdings in Sony were worth $1,554,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC purchased a new stake in Sony during the 3rd quarter worth approximately $29,000. Arlington Partners LLC purchased a new stake in shares of Sony in the 2nd quarter valued at $30,000. Usca Ria LLC purchased a new stake in shares of Sony in the 3rd quarter valued at $30,000. CWM LLC boosted its holdings in shares of Sony by 76.2% in the 3rd quarter. CWM LLC now owns 569 shares of the company’s stock valued at $34,000 after acquiring an additional 246 shares during the last quarter. Finally, TRUE Private Wealth Advisors purchased a new stake in shares of Sony in the 2nd quarter valued at $39,000. 8.87% of the stock is currently owned by institutional investors.

Several research firms have recently commented on SNE. UBS Group raised shares of Sony from a “neutral” rating to a “buy” rating in a report on Thursday, October 31st. Gabelli began coverage on shares of Sony in a report on Thursday, October 24th. They issued a “buy” rating and a $92.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $60.74.

Shares of SNE stock traded up $0.01 during trading hours on Friday, hitting $60.41. The company’s stock had a trading volume of 933,034 shares, compared to its average volume of 1,357,628. The company has a 50 day moving average of $59.15 and a 200 day moving average of $54.79. The stock has a market cap of $75.27 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.12 and a beta of 1.39. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 0.17. Sony Corp has a 12-month low of $41.91 and a 12-month high of $61.85.

Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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