Foyston Gordon & Payne Inc Has $1.75 Million Stake in Sony Group Co. (NYSE:SONY)

Foyston Gordon & Payne Inc cut its stake in shares of Sony Group Co. (NYSE:SONY) by 47.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,147 shares of the company’s stock after selling 16,078 shares during the quarter. Foyston Gordon & Payne Inc’s holdings in Sony Group were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ridgewood Investments LLC acquired a new position in shares of Sony Group during the second quarter worth $41,000. Family Firm Inc. acquired a new position in Sony Group in the 2nd quarter worth about $44,000. Hobbs Group Advisors LLC bought a new position in Sony Group in the second quarter valued at about $49,000. Hexagon Capital Partners LLC grew its holdings in shares of Sony Group by 38.6% during the third 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 last quarter. Finally, American National Bank raised its holdings in Sony Group by 11.3% in the 2nd quarter. American National Bank now owns 1,172 shares of the company’s stock valued at $100,000 after buying an additional 119 shares during the last quarter. 14.05% of the stock is currently owned by institutional investors and hedge funds.

Sony Group Trading Up 0.8 %

NYSE SONY opened at $21.11 on Tuesday. Sony Group Co. has a one year low of $15.02 and a one year high of $21.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.66 and a quick ratio of 0.49. The business has a 50 day simple moving average of $18.91 and a 200 day simple moving average of $9.07. The stock has a market capitalization of $127.64 billion, a P/E ratio of 17.30, a P/E/G ratio of 13.26 and a beta of 0.98.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SONY. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. StockNews.com lowered Sony Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Cowen decreased their target price on shares of Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Oppenheimer dropped their price target on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $24.00.

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.