Sonos, Inc. (NASDAQ:SONO) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Sonos, Inc. (NASDAQ:SONO) by 81.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 23,800 shares of the company’s stock after selling 108,025 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Sonos were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in shares of Sonos by 23.4% in the 3rd quarter. Wellington Management Group LLP now owns 3,303,017 shares of the company’s stock worth $40,594,000 after acquiring an additional 626,172 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Sonos by 0.9% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,671,113 shares of the company’s stock worth $25,134,000 after acquiring an additional 15,171 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Sonos by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,578,776 shares of the company’s stock worth $19,403,000 after acquiring an additional 12,719 shares during the period. Barclays PLC grew its holdings in shares of Sonos by 120.3% in the 3rd quarter. Barclays PLC now owns 923,437 shares of the company’s stock worth $11,350,000 after acquiring an additional 504,293 shares during the period. Finally, Systematic Financial Management LP grew its holdings in shares of Sonos by 19.0% in the 3rd quarter. Systematic Financial Management LP now owns 910,354 shares of the company’s stock worth $11,188,000 after acquiring an additional 145,091 shares during the period. Institutional investors and hedge funds own 85.82% of the company’s stock.

Sonos Price Performance

SONO opened at $15.00 on Friday. The stock has a market cap of $1.81 billion, a P/E ratio of -45.45 and a beta of 1.97. The stock’s 50 day simple moving average is $14.41 and its 200 day simple moving average is $13.18. Sonos, Inc. has a 1-year low of $10.23 and a 1-year high of $19.76.

Sonos (NASDAQ:SONO) last posted its earnings results on Thursday, February 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Sonos had a negative return on equity of 4.97% and a negative net margin of 2.51%. Research analysts expect that Sonos, Inc. will post -0.3 EPS for the current fiscal 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.