Penbrook Management LLC Reduces Holdings in Sony Corp (NYSE:SNE)

Penbrook Management LLC trimmed its stake in Sony Corp (NYSE:SNE) by 1.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the company’s stock after selling 400 shares during the period. Sony accounts for about 1.4% of Penbrook Management LLC’s investment portfolio, making the stock its 19th biggest holding. Penbrook Management LLC’s holdings in Sony were worth $1,259,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Arlington Partners LLC purchased a new stake in shares of Sony in the 2nd quarter worth about $30,000. TRUE Private Wealth Advisors bought a new position in shares of Sony in the 2nd quarter worth about $39,000. Advisory Services Network LLC increased its stake in shares of Sony by 63.9% in the 2nd quarter. Advisory Services Network LLC now owns 790 shares of the company’s stock worth $41,000 after acquiring an additional 308 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. increased its stake in shares of Sony by 128.6% in the 1st quarter. Thomas J. Herzfeld Advisors Inc. now owns 1,577 shares of the company’s stock worth $67,000 after acquiring an additional 887 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of Sony by 32.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,518 shares of the company’s stock worth $80,000 after acquiring an additional 370 shares in the last quarter. 8.69% of the stock is owned by hedge funds and other institutional investors.

Shares of Sony stock opened at $58.14 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.83 and a quick ratio of 0.72. The company has a 50-day moving average of $58.14 and a 200 day moving average of $52.70. The firm has a market cap of $72.38 billion, a price-to-earnings ratio of 9.04, a PEG ratio of 1.89 and a beta of 1.41. Sony Corp has a 1 year low of $41.91 and a 1 year high of $60.74.

Sony (NYSE:SNE) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.30. The company had revenue of $17.52 billion during the quarter, compared to analyst estimates of $18.21 billion. Sony had a net margin of 9.70% and a return on equity of 19.21%. On average, equities analysts anticipate that Sony Corp will post 3.73 EPS for the current year.

Sony Profile

Sony Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets worldwide. The company offers network services related to games, videos, and music contents; and home and portable game consoles, packaged software, and peripheral devices, as well as broadcast/professional, integrated circuit card technology, and medical and imaging device solutions.

Further Reading: What is a SEC Filing?

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Institutional Ownership by Quarter for Sony (NYSE:SNE)

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