Arizona State Retirement System Increases Stock Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Arizona State Retirement System raised its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) by 2.2% during the first quarter, Holdings Channel reports. The firm owned 23,051 shares of the technology company’s stock after buying an additional 504 shares during the quarter. Arizona State Retirement System’s holdings in The Liberty SiriusXM Group were worth $1,054,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Allegheny Financial Group LTD bought a new position in shares of The Liberty SiriusXM Group in the 4th quarter worth about $25,000. CWM LLC purchased a new stake in The Liberty SiriusXM Group in the fourth quarter worth about $35,000. Rosenberg Matthew Hamilton bought a new position in shares of The Liberty SiriusXM Group during the first quarter valued at approximately $56,000. Advisor Group Holdings Inc. lifted its holdings in shares of The Liberty SiriusXM Group by 13.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,547 shares of the technology company’s stock valued at $232,000 after purchasing an additional 545 shares during the last quarter. Finally, Westpac Banking Corp boosted its position in shares of The Liberty SiriusXM Group by 11.4% in the 4th quarter. Westpac Banking Corp now owns 5,346 shares of the technology company’s stock worth $272,000 after purchasing an additional 547 shares in the last quarter. 28.89% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Gamco Investors, Inc. Et Al bought 2,000 shares of the business’s stock in a transaction on Monday, June 27th. The stock was acquired at an average price of $25.00 per share, with a total value of $50,000.00. Following the transaction, the insider now owns 12,000 shares in the company, valued at approximately $300,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 3,500 shares of company stock valued at $89,180 over the last three months.

Wall Street Analyst Weigh In

LSXMA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on The Liberty SiriusXM Group from $79.00 to $76.00 in a research report on Tuesday, May 10th. Barclays lowered their price target on The Liberty SiriusXM Group from $64.00 to $58.00 and set a “maintains” rating for the company in a research report on Friday, July 29th. Finally, Citigroup increased their price objective on shares of The Liberty SiriusXM Group from $53.00 to $59.00 in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, The Liberty SiriusXM Group presently has an average rating of “Moderate Buy” and an average price target of $62.60.

The Liberty SiriusXM Group Stock Up 0.2 %

The Liberty SiriusXM Group stock opened at $40.35 on Wednesday. The firm has a market cap of $13.41 billion, a price-to-earnings ratio of 15.28 and a beta of 1.14. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The Liberty SiriusXM Group has a 12 month low of $34.40 and a 12 month high of $56.26. The stock has a fifty day simple moving average of $38.11 and a two-hundred day simple moving average of $42.94.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last issued its earnings results on Friday, May 6th. The technology company reported $0.82 earnings per share for the quarter. The business had revenue of $2.19 billion during the quarter. The Liberty SiriusXM Group had a return on equity of 4.80% and a net margin of 10.18%.

The Liberty SiriusXM Group Profile

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The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.

See Also

Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating).

Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMA)

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