Sony Group Co. (NYSE:SONY) is Martin Investment Management LLC’s 8th Largest Position

Martin Investment Management LLC raised its stake in Sony Group Co. (NYSE:SONY) by 2.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 214,359 shares of the company’s stock after acquiring an additional 5,475 shares during the period. Sony Group makes up 5.1% of Martin Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Martin Investment Management LLC’s holdings in Sony Group were worth $20,701,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Sony Group in the 2nd quarter valued at about $26,000. Ridgewood Investments LLC acquired a new stake in shares of Sony Group in the second quarter valued at approximately $41,000. Family Firm Inc. acquired a new position in shares of Sony Group in the 2nd quarter valued at $44,000. Hobbs Group Advisors LLC purchased a new stake in Sony Group in the 2nd quarter valued at $49,000. Finally, Hexagon Capital Partners LLC boosted its stake in Sony Group by 38.6% during the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after purchasing an additional 233 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Stock Up 0.1 %

SONY stock opened at $17.74 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.63 and a quick ratio of 0.47. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $20.18. The firm has a market capitalization of $107.29 billion, a PE ratio of 16.49 and a beta of 0.95. The company’s 50 day simple moving average is $11.39 and its 200-day simple moving average is $6.22.

Sony Group (NYSE:SONY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. The company had revenue of $19.32 billion during the quarter, compared to the consensus estimate of $17.42 billion. Sony Group had a return on equity of 12.82% and a net margin of 7.59%. Equities analysts expect that Sony Group Co. will post 1.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SONY shares. TD Cowen lowered their price objective on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating on the stock in a research report on Friday, October 11th. StockNews.com lowered shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Daiwa America raised Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.66.

Sony Group Company 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.