Cottage Street Advisors LLC grew its holdings in shares of Sony Corp (NYSE:SNE) by 11.5% in the 4th quarter, HoldingsChannel reports. The firm owned 33,500 shares of the company’s stock after purchasing an additional 3,450 shares during the period. Cottage Street Advisors LLC’s holdings in Sony were worth $1,506,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Commonwealth Equity Services Inc bought a new position in shares of Sony during the 3rd quarter valued at about $215,000. OxFORD Asset Management LLP boosted its position in shares of Sony by 113.3% during the 3rd quarter. OxFORD Asset Management LLP now owns 308,557 shares of the company’s stock valued at $11,522,000 after purchasing an additional 163,905 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Sony by 6.3% during the 3rd quarter. Stifel Financial Corp now owns 137,358 shares of the company’s stock valued at $5,133,000 after purchasing an additional 8,197 shares in the last quarter. Athos Capital Ltd boosted its position in shares of Sony by 280.0% during the 3rd quarter. Athos Capital Ltd now owns 34,200 shares of the company’s stock valued at $2,937,000 after purchasing an additional 25,200 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Sony during the 3rd quarter valued at about $1,650,000. Institutional investors own 6.77% of the company’s stock.

Sony Corp (NYSE:SNE) traded down $0.25 during mid-day trading on Tuesday, hitting $50.03. 1,043,700 shares of the company traded hands, compared to its average volume of 912,911. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. The firm has a market capitalization of $62,690.00, a PE ratio of 27.49 and a beta of 1.80. Sony Corp has a twelve month low of $29.16 and a twelve month high of $50.82.

Sony (NYSE:SNE) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.54 by $0.36. Sony had a net margin of 3.17% and a return on equity of 7.97%. analysts predict that Sony Corp will post 2.88 EPS for the current fiscal year.

Several brokerages have commented on SNE. Jefferies Group reiterated a “buy” rating and issued a $59.84 target price on shares of Sony in a report on Friday, November 17th. Zacks Investment Research upgraded shares of Sony from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a report on Tuesday, January 2nd. ValuEngine upgraded shares of Sony from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Credit Suisse Group cut shares of Sony from an “outperform” rating to a “neutral” rating in a report on Tuesday, September 19th. Finally, Morgan Stanley cut shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $48.19.

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About Sony

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 (NYSE:SNE)

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