Mackenzie Financial Corp Boosts Holdings in Sony Corporation (NYSE:SONY)\n\nKey Points:\n* Mackenzie Financial Corp increased its stake in Sony Corporation by 30.6% during the first quarter, owning 481,381 shares valued at approximately $12.2 million.\n* Several other institutional investors also adjusted their positions in Sony, with Capital Analysts LLC raising its position by 400% in the fourth quarter.\n* Wall Street analysts have mixed views on Sony, with ratings ranging from \"buy\" to \"hold,\" and a current average price target of $28.00.\n\nMackenzie Financial Corp raised its stake in shares of Sony Corporation (NYSE:SONY) by 30.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 481,381 shares of the company's stock after purchasing an additional 112,746 shares during the period. Mackenzie Financial Corp's holdings in Sony were worth $12,222,000 at the end of the most recent quarter.\n\nSeveral other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Capital Analysts LLC raised its position in shares of Sony by 400.0% in the fourth quarter. Capital Analysts LLC now owns 1,170 shares of the company's stock valued at $25,000 after buying an additional 936 shares during the last quarter. City Holding Co. acquired a new stake in shares of Sony in the first quarter valued at about $30,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Sony in the first quarter valued at about $31,000. Operose Advisors LLC raised its position in shares of Sony by 400.0% in the fourth quarter. Operose Advisors LLC now owns 1,520 shares of the company's stock valued at $32,000 after buying an additional 1,216 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. acquired a new stake in shares of Sony in the first quarter valued at about $56,000.\n\n14.05% of the stock is owned by hedge funds and other institutional investors.\n\nWall Street Analysts Forecast Growth\n\nSony has been the subject of a number of recent research reports. Wolfe Research cut shares of Sony from a \"buy\" rating to a \"hold\" rating in a research report on Thursday, May 22nd. Wolfe Research reiterated a \"peer perform\" rating on shares of Sony in a research report on Monday, April 7th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of \"Moderate Buy\" and an average price target of $28.00.\n\nSony Price Performance opened at $24.31 on Friday. Sony Corporation has a 12-month low of $15.96 and a 12-month high of $26.94. The stock has a market cap of $147.04 billion, a P/E ratio of 19.70, a PEG ratio of 11.81 and a beta of 0.94. The company has a 50-day moving average price of $25.41 and a 200 day moving average price of $24.31. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 0.24.\n\nAbout Sony\nSony 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.

Mackenzie Financial Corp Boosts Holdings in Sony Corporation (NYSE:SONY)

Mackenzie Financial Corp increased its stake in Sony Corporation by 30.6% during the first quarter, owning 481,381 shares valued at approximately $12.2 million. Other institutional investors, including Capital Analysts LLC and Operose Advisors LLC, also adjusted their positions in Sony. Wall Street analysts have mixed views on Sony, with ratings ranging from "buy" to "hold" and an average price target of $28.00.