Gamco Investors INC. ET AL trimmed its stake in Sony Corporation (NYSE:SONY – Free Report) by 7.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,589,084 shares of the company’s stock after selling 385,948 shares during the period. Sony comprises 0.9% of Gamco Investors INC. ET AL’s holdings, making the stock its 15th biggest holding. Gamco Investors INC. ET AL’s holdings in Sony were worth $94,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. Glenmede Investment Management LP raised its stake in shares of Sony by 1.0% during the third quarter. Glenmede Investment Management LP now owns 42,478 shares of the company’s stock valued at $1,223,000 after acquiring an additional 416 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its holdings in shares of Sony by 1.1% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 40,335 shares of the company’s stock valued at $1,033,000 after purchasing an additional 433 shares during the period. Nicolet Advisory Services LLC increased its holdings in Sony by 2.5% during the 4th quarter. Nicolet Advisory Services LLC now owns 18,097 shares of the company’s stock worth $456,000 after purchasing an additional 440 shares during the period. Binnacle Investments Inc raised its position in Sony by 81.7% during the 3rd quarter. Binnacle Investments Inc now owns 1,032 shares of the company’s stock valued at $30,000 after purchasing an additional 464 shares in the last quarter. Finally, Sunpointe LLC raised its position in Sony by 5.5% during the 4th quarter. Sunpointe LLC now owns 9,454 shares of the company’s stock valued at $242,000 after purchasing an additional 493 shares in the last quarter. 14.05% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Sony
Here are the key news stories impacting Sony this week:
- Positive Sentiment: Sony Pictures reportedly secured or expanded distribution ties for new films including Ramayana and Los Hilos del Miedo, which could support future content revenue and reinforce Sony’s role in global film distribution. Ramayana Movie Lands at Sony
- Positive Sentiment: Sony is said to be reopening Hollywood’s Cinerama Dome and ArcLight Cinemas, a move that could boost theater operations and signal confidence in a rebound in moviegoing demand. Sony to reopen Hollywood’s Cinerama Dome and ArcLight Cinemas
- Positive Sentiment: Sony launched or highlighted a new FX5 cinema camera with 5K open-gate recording, internal RAW support, and AI features, reinforcing its premium imaging franchise and product pipeline. Sony’s new cinema camera offers 5K recording, built-in AI processing
- Positive Sentiment: Sony’s new high-end “The Collexion” headphones are getting favorable attention, and cheaper XM5 pricing may help stimulate demand in consumer audio. Sony’s ‘The Collexion’ Headphones Set New Standard for Audio Engineering and Sound Design
- Neutral Sentiment: Several reports about Sony’s cinema camera FX5 emphasized technical upgrades, but they are more of a product refresh than a clear near-term earnings catalyst. Sony FX5 Launches With a New Sensor Open Gate Recording and Internal RAW Support
- Negative Sentiment: One report warned that Sony’s push to end physical discs could hurt the $7.2 billion used-games market, raising concerns about pushback from gamers and the broader gaming ecosystem. Sony’s decision to end physical discs could destroy the $7.2 Billion second-hand games market, per analysis
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on SONY
Sony Trading Up 1.6%
Shares of NYSE SONY opened at $21.01 on Friday. Sony Corporation has a 1-year low of $19.32 and a 1-year high of $30.34. The business has a fifty day moving average price of $21.14 and a 200 day moving average price of $21.65. The stock has a market capitalization of $124.15 billion, a P/E ratio of -105.06, a price-to-earnings-growth ratio of 1.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.18 and a quick ratio of 0.94.
Sony (NYSE:SONY – Get Free Report) last posted its earnings results on Friday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.13). The company had revenue of $19.15 billion during the quarter, compared to analysts’ expectations of $18.43 billion. Sony had a negative net margin of 2.61% and a positive return on equity of 12.20%. Sony’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $32.86 EPS. Equities research analysts expect that Sony Corporation will post 1.28 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, insider Toshimoto Mitomo sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 3rd. The shares were sold at an average price of $21.02, for a total transaction of $525,500.00. Following the completion of the transaction, the insider owned 115,700 shares in the company, valued at $2,432,014. The trade was a 17.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jonathan Jose Platt sold 16,512 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $21.08, for a total transaction of $348,072.96. Following the sale, the insider directly owned 83,326 shares of the company’s stock, valued at $1,756,512.08. The trade was a 16.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 771,838 shares of company stock worth $16,866,580. Insiders own 7.00% of the company’s stock.
Sony Company Profile
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate headquartered in Minato, Tokyo. Founded in 1946 by Masaru Ibuka and Akio Morita, Sony has grown from an electronics maker into a diversified global company with operations spanning consumer electronics, entertainment, gaming, semiconductors and financial services. The company’s shares trade in Japan and its American Depositary Receipts trade on the New York Stock Exchange under the ticker SONY.
Sony’s primary businesses include Electronics Products & Solutions, which covers televisions, audio equipment, digital cameras and professional broadcast systems; Game & Network Services, anchored by the PlayStation platform, consoles, software and online services; Music and Pictures, through Sony Music Entertainment and Sony Pictures Entertainment, producing, distributing and licensing recorded music, film and television content; Imaging & Sensing Solutions, which develops CMOS image sensors and other semiconductor components; and Financial Services, offering life insurance, banking and other financial products in Japan.
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