South State Corp Grows Stake in Sony Corp (SNE)
South State Corp increased its stake in shares of Sony Corp (NYSE:SNE) by 196.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 107,479 shares of the company’s stock after buying an additional 71,266 shares during the quarter. South State Corp’s holdings in Sony were worth $6,519,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can grew its position in shares of Sony by 54.5% in the 2nd quarter. Bank of Montreal Can now owns 152,950 shares of the company’s stock valued at $7,839,000 after acquiring an additional 53,951 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Sony in the 2nd quarter valued at about $239,000. Bourgeon Capital Management LLC grew its position in shares of Sony by 10.7% in the 2nd quarter. Bourgeon Capital Management LLC now owns 93,350 shares of the company’s stock valued at $4,785,000 after acquiring an additional 9,050 shares during the period. Sageworth Trust Co bought a new position in shares of Sony in the 2nd quarter valued at about $103,000. Finally, Atwood & Palmer Inc. grew its position in shares of Sony by 54.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 280,310 shares of the company’s stock valued at $14,369,000 after acquiring an additional 99,060 shares during the period. Hedge funds and other institutional investors own 7.66% of the company’s stock.
NYSE SNE opened at $51.14 on Thursday. The company has a quick ratio of 0.79, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The stock has a market cap of $65.11 billion, a PE ratio of 15.54, a P/E/G ratio of 1.13 and a beta of 1.63. Sony Corp has a 52-week low of $44.37 and a 52-week high of $61.02.
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Sony Company 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.
Further Reading: Return on Investment (ROI)
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