2 weeks Ago By Defense World Staff
Cerity Partners LLC reduced its stake in Sonos, Inc. (NASDAQ:SONO – Free Report) by 7.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 16,023 shares of the company’s stock after selling 1,297 shares during the period. Cerity Partners LLC’s holdings in Sonos were worth $227,000 at the end of the most recent reporting period. A number of other institutional investors have also modified their holdings of the stock.
GAMMA Investing LLC grew its position in shares of Sonos by 50.1% during the 4th quarter. GAMMA Investing LLC now owns 4,048 shares of the company’s stock worth $61,000 after buying an additional 1,352 shares in the last quarter.
SG Americas Securities LLC grew its holdings in Sonos by 4.2% during the 4th quarter. SG Americas Securities LLC now owns 40,839 shares of the company’s stock worth $614,000 after acquiring an additional 1,644 shares in the last quarter.
Smartleaf Asset Management LLC grew its holdings in Sonos by 191.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,621 shares of the company’s stock worth $39,000 after acquiring an additional 1,721 shares in the last quarter.
Ironwood Investment Management LLC raised its holdings in shares of Sonos by 4.0% in the 4th quarter. Ironwood Investment Management LLC now owns 46,704 shares of the company’s stock valued at $702,000 after purchasing an additional 1,782 shares in the last quarter.
Finally, SBI Securities Co. Ltd. bought a new stake in shares of Sonos in the 4th quarter valued at about $30,000.
85.82% of the stock is owned by hedge funds and other institutional investors. Insider Buying and SellingIn other news, major shareholder Coliseum Capital Management, L bought 62,506 shares of Sonos stock in a transaction that occurred on Monday, April 7th.
The stock was bought at an average price of $8.38 per share, for a total transaction of $523,800.28.
Following the purchase, the insider now directly owns 12,118,088 shares of the company’s stock, valued at approximately $101,549,577.44. The trade was a 0.
52 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.
80% of the stock is owned by company insiders. Analyst Upgrades and DowngradesSeveral equities analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $18.
00 price objective on shares of Sonos in a report on Friday, February 7th. Jefferies Financial Group dropped their target price on Sonos from $19.00 to $13.
00 and set a “buy” rating on the stock in a research report on Monday, April 7th.View Our Latest Research Report on SonosSonos Stock Up 4.8 %NASDAQ:SONO opened at $9.
15 on Friday. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -16.
05 and a beta of 2.01. Sonos, Inc.
has a 52 week low of $7.63 and a 52 week high of $18.02.
The firm has a 50 day moving average of $10.73 and a 200 day moving average of $12.74.
Sonos (NASDAQ:SONO – Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
36 by $0.04. Sonos had a negative return on equity of 13.
17% and a negative net margin of 4.73%. As a group, analysts expect that Sonos, Inc.
will post -0.37 EPS for the current year. Sonos declared that its Board of Directors has authorized a share repurchase plan on Monday, February 24th that permits the company to repurchase $150.
00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.1% of its shares through open market purchases.
Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued. About Sonos (Free Report)Sonos, Inc, together with its subsidiaries, designs, develops, manufactures, and sells audio products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers wireless, portable, and home theater speakers; components; and accessories.
The company offers its products through approximately 10,000 third-party retail stores, including custom installers of home audio systems; and e-commerce retailers, as well as through its website.Further ReadingFive stocks we like better than SonosUnveiling The Power Of VWAP: A Key Indicator For Traders2 Strong Utilities Plays With Booming Earnings and Room to GrowMarket Cap Calculator: How to Calculate Market CapWhy Smart Investors Don’t Panic in Election SeasonInvesting In Preferred Stock vs. Common StockNow Is the Time to Buy ServiceNow—The Rebound Is Real.
