Gallacher Capital Management LLC Acquires 15,886 Shares of Sony Group Co. (NYSE:SONY)

Gallacher Capital Management LLC boosted its holdings in shares of Sony Group Co. (NYSE:SONY) by 407.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,781 shares of the company’s stock after purchasing an additional 15,886 shares during the period. Gallacher Capital Management LLC’s holdings in Sony Group were worth $419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fisher Asset Management LLC grew its holdings in Sony Group by 425.9% during the fourth quarter. Fisher Asset Management LLC now owns 45,420,092 shares of the company’s stock valued at $961,089,000 after purchasing an additional 36,783,737 shares during the last quarter. Mondrian Investment Partners LTD grew its holdings in Sony Group by 358.2% during the fourth quarter. Mondrian Investment Partners LTD now owns 10,138,119 shares of the company’s stock valued at $223,039,000 after purchasing an additional 7,925,643 shares during the last quarter. Natixis Advisors LLC grew its holdings in Sony Group by 525.1% during the fourth quarter. Natixis Advisors LLC now owns 2,206,912 shares of the company’s stock valued at $46,698,000 after purchasing an additional 1,853,871 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Sony Group during the fourth quarter valued at approximately $36,964,000. Finally, Cardinal Capital Management Inc. grew its holdings in Sony Group by 403.7% during 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 during the last quarter. Institutional investors own 14.05% of the company’s stock.

Sony Group Trading Up 3.0 %

Shares of Sony Group stock opened at $24.11 on Friday. The company’s fifty day simple moving average is $22.67 and its 200-day simple moving average is $18.12. The company has a market cap of $145.78 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 9.95 and a beta of 0.91. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 1 year low of $15.02 and a 1 year high of $25.64.

Sony Group (NYSE:SONY) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.14. Sony Group had a net margin of 8.21% and a return on equity of 14.10%. The firm had revenue of $28.95 billion for the quarter, compared to the consensus estimate of $24.32 billion. As a group, sell-side analysts expect that Sony Group Co. will post 1.23 EPS for the current year.

Analyst Ratings Changes

SONY has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $33.00 price target (up previously from $25.00) on shares of Sony Group in a report on Thursday, February 20th. Sanford C. Bernstein assumed coverage on shares of Sony Group in a research note on Thursday, January 16th. They issued an “outperform” rating on the stock. Finally, StockNews.com downgraded shares of Sony Group from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $28.00.

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.