Sony Target of Unusually High Options Trading (SNE)
Sony Corp (NYSE:SNE) was the target of unusually large options trading activity on Monday. Investors bought 1,188 put options on the stock. This represents an increase of approximately 814% compared to the average daily volume of 130 put options.
A number of hedge funds have recently made changes to their positions in SNE. Bank of Montreal Can lifted its stake in Sony by 0.3% in the second quarter. Bank of Montreal Can now owns 32,558 shares of the company’s stock valued at $1,244,000 after acquiring an additional 87 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Sony in the second quarter valued at $268,000. Chicago Partners Investment Group LLC acquired a new stake in Sony in the second quarter valued at $119,000. Wetherby Asset Management Inc. lifted its stake in Sony by 8.5% in the second quarter. Wetherby Asset Management Inc. now owns 26,286 shares of the company’s stock valued at $1,004,000 after acquiring an additional 2,052 shares during the last quarter. Finally, Athos Capital Ltd acquired a new stake in Sony in the second quarter valued at $344,000. Hedge funds and other institutional investors own 6.78% of the company’s stock.
Shares of Sony (NYSE:SNE) opened at $44.91 on Thursday. The company has a market cap of $57,050.00, a price-to-earnings ratio of 25.72 and a beta of 1.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.86 and a quick ratio of 0.71. Sony has a 12 month low of $27.91 and a 12 month high of $48.33.
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Sony 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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