SG Americas Securities LLC Has $614,000 Stock Position in Sonos, Inc. (NASDAQ:SONO)

SG Americas Securities LLC lifted its stake in shares of Sonos, Inc. (NASDAQ:SONO) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,839 shares of the company’s stock after purchasing an additional 1,644 shares during the period. SG Americas Securities LLC’s holdings in Sonos were worth $614,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Sonos by 23.4% during the 3rd quarter. Wellington Management Group LLP now owns 3,303,017 shares of the company’s stock worth $40,594,000 after purchasing an additional 626,172 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in shares of Sonos by 67.9% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,655,942 shares of the company’s stock valued at $20,352,000 after purchasing an additional 669,658 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Sonos by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,578,776 shares of the company’s stock valued at $19,403,000 after purchasing an additional 12,719 shares during the period. Barclays PLC lifted its stake in shares of 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 buying an additional 504,293 shares during the last quarter. Finally, Systematic Financial Management LP boosted its holdings in shares of Sonos by 19.0% during the 3rd quarter. Systematic Financial Management LP now owns 910,354 shares of the company’s stock worth $11,188,000 after buying an additional 145,091 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Sonos Stock Up 0.4 %

Shares of NASDAQ:SONO opened at $14.03 on Friday. Sonos, Inc. has a 12-month low of $10.23 and a 12-month high of $19.76. The business has a 50 day moving average of $14.36 and a 200-day moving average of $13.19. The stock has a market cap of $1.71 billion, a PE ratio of -42.51 and a beta of 1.99.

Sonos (NASDAQ:SONO) last released its quarterly earnings results on Wednesday, November 13th. The company reported ($0.44) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.22). Sonos had a negative net margin of 2.51% and a negative return on equity of 4.97%. The business had revenue of $255.38 million during the quarter, compared to analyst estimates of $247.92 million. During the same quarter last year, the company posted ($0.21) earnings per share. The company’s revenue was down 16.3% on a year-over-year basis. Equities research analysts expect that Sonos, Inc. will post -0.3 earnings per share for the current year.

Sonos Company Profile

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.