Bryn Mawr Capital Management LLC Has $1.26 Million Holdings in Sony Group Co. (NYSE:SONY)

Bryn Mawr Capital Management LLC increased its holdings in Sony Group Co. (NYSE:SONY) by 2,503.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,516 shares of the company’s stock after buying an additional 57,230 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Sony Group were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SONY. Fisher Asset Management LLC raised its holdings in Sony Group by 12.7% in the 3rd quarter. Fisher Asset Management LLC now owns 8,636,355 shares of the company’s stock valued at $834,013,000 after acquiring an additional 972,075 shares in the last quarter. Cardinal Capital Management Inc. raised its stake in Sony Group by 403.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,606,160 shares of the company’s stock valued at $33,986,000 after purchasing an additional 1,287,259 shares in the last quarter. Mediolanum International Funds Ltd bought a new stake in Sony Group during the third quarter worth about $109,462,000. Cambiar Investors LLC lifted its position in Sony Group by 548.9% during the fourth quarter. Cambiar Investors LLC now owns 1,059,241 shares of the company’s stock worth $22,414,000 after purchasing an additional 896,013 shares during the period. Finally, Pictet North America Advisors SA grew its stake in Sony Group by 333.4% during the fourth quarter. Pictet North America Advisors SA now owns 1,057,404 shares of the company’s stock worth $22,375,000 after buying an additional 813,429 shares in the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SONY. Oppenheimer restated an “outperform” rating and issued a $33.00 target price (up from $25.00) on shares of Sony Group in a research report on Thursday. Sanford C. Bernstein initiated coverage on shares of Sony Group in a research report on Thursday, January 16th. They set an “outperform” rating for the company. Finally, StockNews.com downgraded Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $28.00.

Sony Group Stock Up 0.8 %

SONY stock opened at $24.93 on Friday. The firm has a 50-day moving average price of $21.68 and a 200-day moving average price of $15.71. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $24.95. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $150.74 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 9.90 and a beta of 0.96.

Sony Group (NYSE:SONY) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The business had revenue of $28.95 billion during the quarter, compared to the consensus estimate of $24.32 billion. As a group, equities research analysts anticipate that Sony Group Co. will post 1.22 EPS for the current fiscal year.

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.