SG Americas Securities LLC Purchases 1,644 Shares of Sonos, Inc. (NASDAQ:SONO)

SG Americas Securities LLC lifted its position in shares of Sonos, Inc. (NASDAQ:SONOFree Report) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,839 shares of the company’s stock after acquiring an additional 1,644 shares during the period. SG Americas Securities LLC’s holdings in Sonos were worth $614,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Diversified Trust Co lifted its stake in Sonos by 3.0% during the third quarter. Diversified Trust Co now owns 41,244 shares of the company’s stock worth $507,000 after purchasing an additional 1,184 shares during the last quarter. Mackenzie Financial Corp raised its holdings in shares of Sonos by 6.2% during the 2nd quarter. Mackenzie Financial Corp now owns 21,075 shares of the company’s stock worth $311,000 after buying an additional 1,233 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Sonos by 3.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 39,381 shares of the company’s stock worth $484,000 after buying an additional 1,267 shares during the last quarter. GAMMA Investing LLC boosted its stake in Sonos by 50.1% in the fourth quarter. GAMMA Investing LLC now owns 4,048 shares of the company’s stock valued at $61,000 after buying an additional 1,352 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Sonos by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 68,877 shares of the company’s stock valued at $1,017,000 after acquiring an additional 1,628 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.

Sonos Trading Up 0.4 %

SONO stock opened at $14.03 on Friday. The firm has a 50-day moving average price of $14.36 and a 200-day moving average price of $13.19. Sonos, Inc. has a 12 month low of $10.23 and a 12 month high of $19.76. The stock has a market capitalization of $1.71 billion, a P/E ratio of -42.51 and a beta of 1.99.

Sonos (NASDAQ:SONOGet Free Report) last released its quarterly earnings data on Wednesday, November 13th. The company reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.22). Sonos had a negative return on equity of 4.97% and a negative net margin of 2.51%. The company had revenue of $255.38 million for the quarter, compared to analyst estimates of $247.92 million. During the same quarter in the prior year, the company earned ($0.21) earnings per share. Sonos’s revenue for the quarter was down 16.3% compared to the same quarter last year. As a group, equities analysts predict that Sonos, Inc. will post -0.3 EPS for the current fiscal year.

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.

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Institutional Ownership by Quarter for Sonos (NASDAQ:SONO)

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