Sony Group Co. (NYSE:SONY) Shares Acquired by Cardinal Capital Management Inc.

Cardinal Capital Management Inc. increased its position in shares of Sony Group Co. (NYSE:SONY) by 1.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 318,901 shares of the company’s stock after buying an additional 4,765 shares during the quarter. Sony Group comprises 1.3% of Cardinal Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Cardinal Capital Management Inc.’s holdings in Sony Group were worth $30,796,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fisher Asset Management LLC grew its position in Sony Group by 5.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,358,712 shares of the company’s stock worth $602,106,000 after purchasing an additional 341,566 shares during the last quarter. Mondrian Investment Partners LTD increased its position in Sony Group by 43.4% in the 1st quarter. Mondrian Investment Partners LTD now owns 2,558,527 shares of the company’s stock valued at $220,033,000 after acquiring an additional 774,502 shares during the period. Clearbridge Investments LLC raised its stake in Sony Group by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,616,928 shares of the company’s stock valued at $138,635,000 after acquiring an additional 18,487 shares during the last quarter. Marshall Wace LLP lifted its position in Sony Group by 8,495.0% during the 2nd quarter. Marshall Wace LLP now owns 848,414 shares of the company’s stock worth $72,073,000 after acquiring an additional 838,543 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Sony Group by 3.5% in the 2nd quarter. Sei Investments Co. now owns 611,514 shares of the company’s stock valued at $51,946,000 after purchasing an additional 20,802 shares during the last quarter. 14.05% of the stock is currently owned by hedge funds and other institutional investors.

Sony Group Stock Up 0.6 %

Shares of NYSE SONY opened at $18.98 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.63 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $29.20 and a 200 day moving average price of $21.22. Sony Group Co. has a 52 week low of $15.02 and a 52 week high of $20.18. The stock has a market capitalization of $117.13 billion, a price-to-earnings ratio of 17.64 and a beta of 0.94.

Sony Group (NYSE:SONY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $19.32 billion for the quarter, compared to analyst estimates of $17.42 billion. Sony Group had a net margin of 7.59% and a return on equity of 12.82%. Equities research analysts anticipate that Sony Group Co. will post 0.61 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SONY has been the subject of several analyst reports. TD Cowen cut their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday. Daiwa America raised shares of Sony Group to a “strong-buy” rating in a report on Wednesday, September 18th. Finally, StockNews.com raised Sony Group from a “hold” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $22.30.

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.