Miles Capital Inc. bought a new position in Sony Corp (NYSE:SNE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,934 shares of the company’s stock, valued at approximately $206,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Arlington Partners LLC purchased a new stake in shares of Sony during the 2nd quarter valued at $30,000. TRUE Private Wealth Advisors acquired a new position in Sony in the 2nd quarter valued at $39,000. Advisory Services Network LLC grew its position in Sony by 63.9% in the 2nd quarter. Advisory Services Network LLC now owns 790 shares of the company’s stock worth $41,000 after purchasing an additional 308 shares during the last quarter. Zions Bancorporation N.A. acquired a new stake in Sony in the 1st quarter worth $54,000. Finally, Thomas J. Herzfeld Advisors Inc. grew its position in Sony by 128.6% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,577 shares of the company’s stock worth $67,000 after purchasing an additional 887 shares during the last quarter. Hedge funds and other institutional investors own 8.60% of the company’s stock.
NYSE SNE traded up $0.17 during midday trading on Friday, hitting $60.42. The company had a trading volume of 48,516 shares, compared to its average volume of 901,457. The company has a quick ratio of 0.72, a current ratio of 0.83 and a debt-to-equity ratio of 0.17. The stock has a market cap of $76.20 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 1.94 and a beta of 1.42. The firm has a fifty day simple moving average of $56.18 and a two-hundred day simple moving average of $50.89. Sony Corp has a fifty-two week low of $41.91 and a fifty-two week high of $61.02.
Sony (NYSE:SNE) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.30. The company had revenue of $17.52 billion for the quarter, compared to analyst estimates of $18.21 billion. Sony had a net margin of 9.70% and a return on equity of 19.21%. As a group, equities analysts predict that Sony Corp will post 3.97 earnings per share for the current year.
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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