Brookstone Capital Management Makes New Investment in Sony Group Co. (NYSE:SONY)

Brookstone Capital Management acquired a new position in shares of Sony Group Co. (NYSE:SONY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,278 shares of the company’s stock, valued at approximately $216,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. KB Financial Partners LLC purchased a new stake in Sony Group during the first quarter worth about $29,000. Resurgent Financial Advisors LLC purchased a new stake in Sony Group during the fourth quarter worth about $43,000. NBC Securities Inc. purchased a new stake in Sony Group during the third quarter worth about $51,000. Penserra Capital Management LLC boosted its holdings in Sony Group by 109.0% during the fourth quarter. Penserra Capital Management LLC now owns 698 shares of the company’s stock worth $53,000 after buying an additional 364 shares in the last quarter. Finally, First Manhattan Co. boosted its holdings in Sony Group by 39.3% during the fourth quarter. First Manhattan Co. now owns 713 shares of the company’s stock worth $54,000 after buying an additional 201 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.

Sony Group Stock Performance

Shares of SONY opened at $86.54 on Thursday. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.25. The stock has a market cap of $106.81 billion, a P/E ratio of 16.71 and a beta of 0.98. The company has a 50-day moving average of $91.38 and a two-hundred day moving average of $88.90. Sony Group Co. has a 12-month low of $79.62 and a 12-month high of $100.94.

Sony Group (NYSE:SONY) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $2.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.68 by $0.32. The business had revenue of $25.38 billion during the quarter, compared to analyst estimates of $24.31 billion. Sony Group had a net margin of 7.62% and a return on equity of 12.43%. As a group, research analysts predict that Sony Group Co. will post 5.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SONY. Wolfe Research began coverage on shares of Sony Group in a report on Tuesday, December 12th. They set an “outperform” rating on the stock. TheStreet raised shares of Sony Group from a “c+” rating to a “b-” rating in a report on Thursday, January 11th. Oppenheimer restated an “outperform” rating and set a $108.00 target price on shares of Sony Group in a research report on Monday, February 26th. Macquarie cut shares of Sony Group from an “outperform” rating to a “neutral” rating in a research report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Sony Group from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.00.

About Sony Group

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.