Janney Montgomery Scott LLC Increases Holdings in Sony Corp (SNE)

Janney Montgomery Scott LLC boosted its holdings in shares of Sony Corp (NYSE:SNE) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,508 shares of the company’s stock after acquiring an additional 3,021 shares during the period. Janney Montgomery Scott LLC’s holdings in Sony were worth $467,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Trust N.A. grew its holdings in shares of Sony by 1.8% during the second quarter. Raymond James Trust N.A. now owns 6,175 shares of the company’s stock worth $235,000 after buying an additional 111 shares in the last quarter. Fiera Capital Corp grew its holdings in Sony by 1.8% in the second quarter. Fiera Capital Corp now owns 9,693 shares of the company’s stock valued at $370,000 after purchasing an additional 175 shares during the period. Earnest Partners LLC grew its holdings in Sony by 1.4% in the second quarter. Earnest Partners LLC now owns 15,377 shares of the company’s stock valued at $587,000 after purchasing an additional 208 shares during the period. Cubist Systematic Strategies LLC grew its holdings in Sony by 1.8% in the second quarter. Cubist Systematic Strategies LLC now owns 13,135 shares of the company’s stock valued at $502,000 after purchasing an additional 231 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its holdings in Sony by 2.8% in the second quarter. San Francisco Sentry Investment Group CA now owns 10,900 shares of the company’s stock valued at $416,000 after purchasing an additional 300 shares during the period. Institutional investors own 6.77% of the company’s stock.

Sony Corp (SNE) opened at $45.21 on Wednesday. Sony Corp has a 12-month low of $27.91 and a 12-month high of $48.33. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.71 and a current ratio of 0.86. The company has a market cap of $57,940.00, a price-to-earnings ratio of 25.54 and a beta of 1.78.

SNE has been the subject of a number of recent analyst reports. Jefferies Group restated a “buy” rating and issued a $59.84 target price on shares of Sony in a report on Friday, November 17th. Morgan Stanley downgraded shares of Sony from an “overweight” rating to an “equal weight” rating in a report on Wednesday, October 11th. Zacks Investment Research downgraded shares of Sony from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group downgraded shares of Sony from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Finally, Citigroup downgraded shares of Sony from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $40.60 to $39.93 in a research note on Monday, September 11th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $46.94.

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About Sony

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.

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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