Lenox Wealth Management Inc. Sells 347 Shares of Sony Corp (NYSE:SNE)

Lenox Wealth Management Inc. trimmed its position in shares of Sony Corp (NYSE:SNE) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,285 shares of the company’s stock after selling 347 shares during the period. Lenox Wealth Management Inc.’s holdings in Sony were worth $1,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Sony by 54.3% during the second quarter. Bank of America Corp DE now owns 5,654,760 shares of the company’s stock valued at $296,254,000 after acquiring an additional 1,991,129 shares in the last quarter. BlackRock Inc. grew its stake in shares of Sony by 361.1% in the 2nd quarter. BlackRock Inc. now owns 4,035,069 shares of the company’s stock worth $211,397,000 after buying an additional 3,159,926 shares in the last quarter. Soroban Capital Partners LP grew its stake in shares of Sony by 31.2% in the 2nd quarter. Soroban Capital Partners LP now owns 3,831,895 shares of the company’s stock worth $200,753,000 after buying an additional 910,786 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Sony by 18.3% in the 2nd quarter. Renaissance Technologies LLC now owns 3,712,000 shares of the company’s stock worth $194,472,000 after buying an additional 573,000 shares in the last quarter. Finally, Suvretta Capital Management LLC purchased a new position in shares of Sony in the 2nd quarter worth $162,743,000. Hedge funds and other institutional investors own 8.87% of the company’s stock.

SNE has been the subject of a number of recent research reports. Gabelli initiated coverage on shares of Sony in a research note on Thursday, October 24th. They issued a “buy” rating and a $92.00 price objective for the company. UBS Group raised shares of Sony from a “neutral” rating to a “buy” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.74.

Shares of Sony stock traded up $0.01 during trading on Friday, hitting $60.41. The stock had a trading volume of 933,034 shares, compared to its average volume of 1,357,628. The firm’s fifty day simple moving average is $59.15 and its 200-day simple moving average is $54.79. The stock has a market cap of $75.27 billion, a PE ratio of 9.40, a PEG ratio of 2.12 and a beta of 1.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.73. Sony Corp has a 12 month low of $41.91 and a 12 month high of $61.85.

Sony 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.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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