3 days Ago By ABMN Staff
Russell Investments Group Ltd. cut its stake in Sonos, Inc. ( NASDAQ:SONO – Free Report ) by 14.
5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 218,425 shares of the company’s stock after selling 36,905 shares during the period. Russell Investments Group Ltd.
owned about 0.18% of Sonos worth $3,285,000 at the end of the most recent quarter. Several other institutional investors also recently added to or reduced their stakes in the stock.
NBW Capital LLC grew its stake in Sonos by 42.6% in the 4th quarter. NBW Capital LLC now owns 256,134 shares of the company’s stock worth $3,852,000 after acquiring an additional 76,454 shares in the last quarter.
KLP Kapitalforvaltning AS purchased a new position in Sonos during the 4th quarter worth $403,000. Barclays PLC increased its holdings in Sonos by 120.3% during the 3rd quarter.
Barclays PLC now owns 923,437 shares of the company’s stock worth $11,350,000 after purchasing an additional 504,293 shares during the period. Nisa Investment Advisors LLC raised its position in Sonos by 7,557.0% during the 4th quarter.
Nisa Investment Advisors LLC now owns 156,049 shares of the company’s stock valued at $2,347,000 after purchasing an additional 154,011 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Sonos in the 4th quarter worth $4,322,000. Hedge funds and other institutional investors own 85.
82% of the company’s stock. Insider Activity at Sonos In other Sonos news, major shareholder Coliseum Capital Management, L bought 62,506 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average cost 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 in the company, valued at $101,549,577.
44. This represents a 0.52 % increase in their ownership of the stock.
The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink . 1.80% of the stock is currently owned by corporate insiders.
Sonos Trading Down 2.3 % Sonos ( NASDAQ:SONO – Get Free Report ) last announced its earnings results on Thursday, February 6th. The company reported $0.
40 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04.
Sonos had a negative net margin of 4.73% and a negative return on equity of 13.17%.
On average, equities research analysts forecast that Sonos, Inc. will post -0.37 EPS for the current year.
Sonos announced that its Board of Directors has authorized a share buyback program on Monday, February 24th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 10.
1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued. Analyst Upgrades and Downgrades SONO has been the topic of several research reports.
Jefferies Financial Group cut their price target on Sonos from $19.00 to $13.00 and set a “buy” rating on the stock in a research note on Monday, April 7th.
Rosenblatt Securities reissued a “buy” rating and set a $18.00 target price on shares of Sonos in a research report on Friday, February 7th. Get Our Latest Analysis on SONO Sonos Company Profile ( 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. See Also Receive News & Ratings for Sonos Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sonos and related companies with MarketBeat.
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