Rock Point Advisors LLC Has $12.12 Million Holdings in Sony Group Co. (NYSE:SONY)

Rock Point Advisors LLC cut its holdings in Sony Group Co. (NYSE:SONY) by 7.0% during the 3rd quarter, Holdings Channel reports. The fund owned 125,497 shares of the company’s stock after selling 9,471 shares during the period. Sony Group comprises 3.3% of Rock Point Advisors LLC’s portfolio, making the stock its 8th biggest holding. Rock Point Advisors LLC’s holdings in Sony Group were worth $12,119,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Sony Group in the 2nd quarter worth approximately $26,000. Ridgewood Investments LLC purchased a new stake in shares of Sony Group in the second quarter worth $41,000. Family Firm Inc. bought a new stake in shares of Sony Group during the 2nd quarter valued at $44,000. Hobbs Group Advisors LLC bought a new stake in shares of Sony Group during the 2nd quarter valued at $49,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Sony Group by 38.6% in the 3rd quarter. Hexagon Capital Partners LLC now owns 836 shares of the company’s stock worth $81,000 after buying an additional 233 shares during the period. Hedge funds and other institutional investors own 14.05% of the company’s stock.

Sony Group Price Performance

Sony Group stock traded down $0.01 during midday trading on Tuesday, reaching $19.41. 72,428 shares of the stock traded hands, compared to its average volume of 3,841,794. The stock has a market cap of $117.39 billion, a P/E ratio of 15.90, a PEG ratio of 12.07 and a beta of 0.95. The stock’s fifty day moving average is $15.90 and its 200-day moving average is $7.86. The company has a quick ratio of 0.49, a current ratio of 0.66 and a debt-to-equity ratio of 0.25. Sony Group Co. has a 12 month low of $15.02 and a 12 month high of $20.67.

Analysts Set New Price Targets

SONY has been the topic of a number of recent analyst reports. StockNews.com cut Sony Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 19th. Daiwa America raised Sony Group to a “strong-buy” rating in a research note on Wednesday, September 18th. TD Cowen dropped their price target on Sony Group from $107.00 to $23.00 and set a “buy” rating for the company in a research note on Friday, October 11th. Finally, Oppenheimer reduced their price objective on shares of Sony Group from $108.00 to $25.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $24.00.

Sony Group Profile

Sony Group Corporation designs, develops, produces, and sells electronic equipment, instruments, and devices for the consumer, professional, and industrial markets in Japan, the United States, Europe, China, the Asia-Pacific, and internationally. The company distributes software titles and add-on content through digital networks; network services related to game, video, and music content; and home gaming consoles, packaged and game software, and peripheral devices.