Robeco Institutional Asset Management B.V. Acquires 5,281 Shares of Sonos, Inc. (NASDAQ:SONO)

Robeco Institutional Asset Management B.V. raised its holdings in shares of Sonos, Inc. (NASDAQ:SONO) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 382,575 shares of the company’s stock after purchasing an additional 5,281 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Sonos were worth $5,754,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SONO. Gladius Capital Management LP bought a new position in Sonos during the 3rd quarter valued at approximately $30,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sonos in the second quarter worth $46,000. GAMMA Investing LLC increased its holdings in shares of Sonos by 50.1% during the fourth quarter. GAMMA Investing LLC now owns 4,048 shares of the company’s stock valued at $61,000 after acquiring an additional 1,352 shares in the last quarter. KBC Group NV raised its position in shares of Sonos by 52.5% in the 3rd quarter. KBC Group NV now owns 4,852 shares of the company’s stock worth $60,000 after purchasing an additional 1,670 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in Sonos by 927.0% in the 3rd quarter. International Assets Investment Management LLC now owns 7,497 shares of the company’s stock worth $92,000 after purchasing an additional 6,767 shares in the last quarter. 85.82% of the stock is currently owned by hedge funds and other institutional investors.

Sonos Stock Performance

NASDAQ:SONO opened at $13.79 on Monday. The firm has a market cap of $1.66 billion, a P/E ratio of -41.79 and a beta of 1.99. Sonos, Inc. has a fifty-two week low of $10.23 and a fifty-two week high of $19.76. The firm has a 50-day simple moving average of $14.38 and a two-hundred day simple moving average of $13.18.

Sonos (NASDAQ:SONO) last announced its quarterly earnings data on Wednesday, November 13th. The company reported ($0.44) earnings per share 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 firm had revenue of $255.38 million during the quarter, compared to analysts’ expectations of $247.92 million. During the same quarter in the previous year, the firm earned ($0.21) earnings per share. Sonos’s revenue was down 16.3% on a year-over-year basis. On average, equities research analysts predict that Sonos, Inc. will post -0.3 EPS 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.