Balyasny Asset Management LLC raised its position in shares of Sony Corp Ord (NYSE:SNE) by 35.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 142,866 shares of the company’s stock after buying an additional 37,137 shares during the quarter. Balyasny Asset Management LLC’s holdings in Sony Corp Ord were worth $5,456,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. O Shaughnessy Asset Management LLC raised its position in shares of Sony Corp Ord by 1.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after purchasing an additional 53 shares during the period. Bank of Montreal Can raised its position in shares of Sony Corp Ord by 0.3% during the 2nd quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock worth $1,244,000 after purchasing an additional 87 shares during the period. Raymond James Trust N.A. raised its position in shares of Sony Corp Ord by 1.8% during the 2nd quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock worth $235,000 after purchasing an additional 111 shares during the period. Proficio Capital Partners LLC raised its position in shares of Sony Corp Ord by 5.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock worth $105,000 after purchasing an additional 139 shares during the period. Finally, Fiera Capital Corp raised its position in shares of Sony Corp Ord by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock worth $370,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 6.54% of the company’s stock.

Sony Corp Ord (NYSE:SNE) opened at 37.08 on Monday. The company has a 50-day moving average price of $38.33 and a 200-day moving average price of $37.01. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65. The company has a market capitalization of $46.84 billion, a price-to-earnings ratio of 38.91 and a beta of 1.76.

Sony Corp Ord (NYSE:SNE) last posted its earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.08. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The company had revenue of $1,858.10 billion during the quarter, compared to analysts’ expectations of $1,735.86 billion. During the same quarter in the previous year, the company posted $16.44 earnings per share. Sony Corp Ord’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Sony Corp Ord will post $2.21 EPS for the current year.

A number of brokerages have recently weighed in on SNE. Zacks Investment Research cut Sony Corp Ord from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Credit Suisse Group cut Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 19th. BidaskClub upgraded Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Citigroup Inc. cut Sony Corp Ord from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $40.60 to $39.93 in a research report on Monday, September 11th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $45.74 price target on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $43.42.

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About Sony Corp Ord

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

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Institutional Ownership by Quarter for Sony Corp Ord (NYSE:SNE)

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