NorthCoast Asset Management LLC Acquires 3,091 Shares of Sony Corp Ord (SNE)

NorthCoast Asset Management LLC raised its holdings in Sony Corp Ord (NYSE:SNE) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,825 shares of the company’s stock after purchasing an additional 3,091 shares during the quarter. NorthCoast Asset Management LLC’s holdings in Sony Corp Ord were worth $1,826,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Allen Investment Management LLC boosted its holdings in Sony Corp Ord by 60.5% in the second quarter. Allen Investment Management LLC now owns 20,132 shares of the company’s stock valued at $769,000 after purchasing an additional 7,590 shares during the last quarter. Aperio Group LLC boosted its holdings in Sony Corp Ord by 10.8% in the second quarter. Aperio Group LLC now owns 621,910 shares of the company’s stock valued at $23,751,000 after purchasing an additional 60,660 shares during the last quarter. Credit Suisse AG purchased a new stake in Sony Corp Ord in the first quarter valued at $6,978,000. KEYWISE CAPITAL MANAGEMENT Ltd purchased a new stake in Sony Corp Ord in the first quarter valued at $226,000. Finally, Cottage Street Advisors LLC purchased a new stake in Sony Corp Ord in the second quarter valued at $1,155,000. 6.54% of the stock is currently owned by institutional investors.

SNE has been the topic of several recent research reports. Zacks Investment Research lowered shares of Sony Corp Ord from a “buy” rating to a “hold” rating in a report on Monday, June 12th. BidaskClub raised shares of Sony Corp Ord from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC reissued a “buy” rating and set a $45.74 target price on shares of Sony Corp Ord in a research note on Thursday, August 3rd. Finally, Citigroup Inc. lowered shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $43.42.

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Sony Corp Ord (NYSE:SNE) traded up 0.78% on Friday, hitting $38.66. 558,230 shares of the company traded hands. Sony Corp Ord has a 12 month low of $27.72 and a 12 month high of $41.65. The stock has a market cap of $48.83 billion, a PE ratio of 40.74 and a beta of 1.77. The stock’s 50-day moving average is $39.44 and its 200 day moving average is $36.39.

Sony Corp Ord (NYSE:SNE) last released its quarterly earnings data on Tuesday, August 1st. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.08. The firm had revenue of $1,858.10 billion for the quarter, compared to the consensus estimate of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The firm’s revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $16.44 earnings per share. Equities research analysts expect that Sony Corp Ord will post $2.21 earnings per share for the current fiscal year.

About Sony Corp Ord

Sony Corporation (Sony) is engaged in the development, design, manufacture and sale of various kinds of electronic equipment, instruments and devices for consumer, professional and industrial markets, as well as game consoles and software. The Company’s segments include Mobile Communications, Game & Network Services, Imaging Products & Solutions, Home Entertainment & Sound, Devices, Pictures, Music, Financial Services and All Other.

Institutional Ownership by Quarter for Sony Corp Ord (NYSE:SNE)

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