Jackson Hole Capital Partners LLC Has $2.68 Million Stake in Sony Group Co. (NYSE:SONY)

Jackson Hole Capital Partners LLC boosted its stake in Sony Group Co. (NYSE:SONY) by 8.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,261 shares of the company’s stock after buying an additional 2,234 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in Sony Group were worth $2,676,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SONY. Envestnet Asset Management Inc. boosted its stake in Sony Group by 39.0% in the third quarter. Envestnet Asset Management Inc. now owns 1,067,247 shares of the company’s stock worth $87,952,000 after purchasing an additional 299,300 shares in the last quarter. Alberta Investment Management Corp boosted its stake in Sony Group by 30.0% in the third quarter. Alberta Investment Management Corp now owns 260,000 shares of the company’s stock worth $21,427,000 after purchasing an additional 60,000 shares in the last quarter. Rovida Advisors Inc. acquired a new position in Sony Group in the third quarter worth $4,433,000. SG Americas Securities LLC boosted its stake in Sony Group by 2,317.1% in the fourth quarter. SG Americas Securities LLC now owns 54,143 shares of the company’s stock worth $5,127,000 after purchasing an additional 51,903 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Sony Group in the third quarter worth $3,494,000. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Trading Down 0.3 %

NYSE SONY traded down $0.27 on Thursday, reaching $82.44. The company had a trading volume of 552,665 shares, compared to its average volume of 775,462. The company has a quick ratio of 0.54, a current ratio of 0.69 and a debt-to-equity ratio of 0.25. The stock has a market cap of $101.75 billion, a price-to-earnings ratio of 15.92 and a beta of 0.98. The stock’s 50 day moving average is $85.83 and its 200-day moving average is $88.86. Sony Group Co. has a 52 week low of $79.62 and a 52 week high of $100.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.32. The company had revenue of $25.38 billion during the quarter, compared to analysts’ expectations of $24.31 billion. Sony Group had a return on equity of 12.43% and a net margin of 7.62%. Equities analysts predict that Sony Group Co. will post 5.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SONY has been the subject of a number of recent research reports. StockNews.com downgraded Sony Group from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Oppenheimer restated an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. Macquarie downgraded Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, TheStreet upgraded Sony Group from a “c+” rating to a “b-” rating in a research report on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.00.

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.