Sony Corp Ord (SNE) Short Interest Update
Sony Corp Ord (NYSE:SNE) was the recipient of a large decrease in short interest in September. As of September 15th, there was short interest totalling 970,316 shares, a decrease of 36.3% from the August 31st total of 1,524,354 shares. Based on an average daily trading volume, of 603,746 shares, the days-to-cover ratio is currently 1.6 days.
Institutional investors have recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC raised its holdings in Sony Corp Ord by 5.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,643 shares of the company’s stock valued at $105,000 after acquiring an additional 139 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in shares of Sony Corp Ord during the second quarter worth $119,000. Parallax Volatility Advisers L.P. lifted its position in shares of Sony Corp Ord by 206.3% during the second quarter. Parallax Volatility Advisers L.P. now owns 4,354 shares of the company’s stock worth $166,000 after acquiring an additional 8,451 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Sony Corp Ord by 1.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 5,103 shares of the company’s stock worth $172,000 after acquiring an additional 53 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. purchased a new stake in shares of Sony Corp Ord during the second quarter worth $201,000. Institutional investors and hedge funds own 6.54% of the company’s stock.
Several research analysts have weighed in on the company. Zacks Investment Research upgraded Sony Corp Ord from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $45.74 target price on shares of Sony Corp Ord in a research report on Thursday, August 3rd. Citigroup Inc. cut shares of Sony Corp Ord from a “buy” rating to a “neutral” rating and reduced their target price for the company from $40.60 to $39.93 in a research report on Monday, September 11th. BidaskClub downgraded shares of Sony Corp Ord from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Finally, Credit Suisse Group downgraded shares of Sony Corp Ord from an “outperform” rating to a “neutral” rating in a research note on Tuesday, September 19th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Sony Corp Ord currently has an average rating of “Buy” and a consensus price target of $43.42.
Sony Corp Ord (SNE) opened at 37.55 on Wednesday. The firm has a market capitalization of $47.43 billion, a PE ratio of 39.40 and a beta of 1.76. Sony Corp Ord has a one year low of $27.72 and a one year high of $41.65. The firm has a 50-day moving average price of $38.50 and a 200 day moving average price of $36.97.
Sony Corp Ord (NYSE:SNE) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.08. The company had revenue of $1,858.10 billion for the quarter, compared to analyst estimates of $1,735.86 billion. Sony Corp Ord had a net margin of 1.67% and a return on equity of 4.17%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $16.44 earnings per share. Analysts anticipate that Sony Corp Ord will post $2.21 EPS for the current fiscal year.
Sony Corp Ord Company Profile
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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