Sterling Capital Management LLC Has $1.26 Million Position in Sony Group Co. (NYSE:SONY)

Sterling Capital Management LLC raised its holdings in Sony Group Co. (NYSE:SONY) by 365.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 59,359 shares of the company’s stock after acquiring an additional 46,601 shares during the quarter. Sterling Capital Management LLC’s holdings in Sony Group were worth $1,256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Quinn Opportunity Partners LLC raised its position in shares of Sony Group by 400.0% in the 4th quarter. Quinn Opportunity Partners LLC now owns 564,110 shares of the company’s stock valued at $11,937,000 after acquiring an additional 451,288 shares during the period. First Foundation Advisors increased its stake in Sony Group by 382.7% in the fourth quarter. First Foundation Advisors now owns 14,065 shares of the company’s stock valued at $298,000 after purchasing an additional 11,151 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in Sony Group by 622.0% in the fourth quarter. Legacy Financial Advisors Inc. now owns 44,449 shares of the company’s stock worth $941,000 after purchasing an additional 38,293 shares during the period. Neuberger Berman Group LLC boosted its position in shares of Sony Group by 350.4% during the fourth quarter. Neuberger Berman Group LLC now owns 730,108 shares of the company’s stock worth $15,457,000 after purchasing an additional 567,992 shares in the last quarter. Finally, Capital Fund Management S.A. boosted its position in shares of Sony Group by 536.2% during the fourth quarter. Capital Fund Management S.A. now owns 919,931 shares of the company’s stock worth $19,466,000 after purchasing an additional 775,331 shares in the last quarter. Institutional investors and hedge funds own 14.05% of the company’s stock.

Sony Group Stock Performance

Shares of Sony Group stock opened at $23.68 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The firm has a market cap of $143.18 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 9.95 and a beta of 0.94. Sony Group Co. has a one year low of $15.02 and a one year high of $25.78. The stock’s 50-day moving average is $23.97 and its 200-day moving average is $21.38.

Sony Group (NYSE:SONY) last released its earnings results on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. The firm had revenue of $28.95 billion for the quarter, compared to analysts’ expectations of $24.32 billion. Sony Group had a return on equity of 14.10% and a net margin of 8.21%. Equities analysts predict that Sony Group Co. will post 1.23 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Sanford C. Bernstein initiated coverage on Sony Group in a research note on Thursday, January 16th. They set an “outperform” rating on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a research report on Thursday, February 20th. Wolfe Research reiterated a “peer perform” rating on shares of Sony Group in a report on Monday, April 7th. StockNews.com cut Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, The Goldman Sachs Group started coverage on shares of Sony Group in a research note on Tuesday, March 25th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sony Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Sony Group 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.