The Liberty SiriusXM Group (NASDAQ:LSXMA) Stake Raised by Bank of Montreal Can

Bank of Montreal Can raised its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) by 133.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,117 shares of the technology company’s stock after acquiring an additional 121,972 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of The Liberty SiriusXM Group worth $9,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LSXMA. Callan Capital LLC acquired a new position in The Liberty SiriusXM Group in the first quarter worth approximately $31,000. CWM LLC raised its holdings in shares of The Liberty SiriusXM Group by 43.5% during the 1st quarter. CWM LLC now owns 983 shares of the technology company’s stock valued at $45,000 after purchasing an additional 298 shares in the last quarter. Rosenberg Matthew Hamilton bought a new stake in The Liberty SiriusXM Group in the first quarter worth $56,000. Aire Advisors LLC acquired a new position in The Liberty SiriusXM Group during the first quarter worth $210,000. Finally, Advisor Group Holdings Inc. raised its holdings in 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 buying an additional 545 shares in the last quarter. Hedge funds and other institutional investors own 28.05% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMA opened at $40.39 on Wednesday. The stock has a market capitalization of $13.20 billion, a P/E ratio of 14.02 and a beta of 1.11. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.92. The Liberty SiriusXM Group has a 1 year low of $34.40 and a 1 year high of $56.26. The firm has a 50 day moving average of $39.75 and a 200-day moving average of $42.22.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last issued its quarterly earnings data on Friday, August 5th. The technology company reported $1.24 earnings per share (EPS) for the quarter. The firm had revenue of $2.25 billion during the quarter. The Liberty SiriusXM Group had a return on equity of 5.49% and a net margin of 11.30%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on LSXMA shares. Credit Suisse Group cut their price objective on The Liberty SiriusXM Group from $64.00 to $52.00 and set an “outperform” rating on the stock in a research note on Monday, August 8th. Barclays boosted their price objective on shares of The Liberty SiriusXM Group from $58.00 to $61.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of The Liberty SiriusXM Group from $79.00 to $76.00 in a report on Tuesday, May 10th. Citigroup upped their price target on shares of The Liberty SiriusXM Group from $53.00 to $59.00 in a report on Wednesday, July 20th. Finally, Pivotal Research lowered their target price on The Liberty SiriusXM Group from $66.00 to $64.00 in a report on Monday, August 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.33.

Insider Transactions at The Liberty SiriusXM Group

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 2,000 shares of The Liberty SiriusXM Group stock in a transaction on Monday, June 27th. The shares were purchased at an average price of $25.00 per share, with a total value of $50,000.00. Following the acquisition, the insider now owns 12,000 shares in the company, valued at $300,000. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last three months, insiders have purchased 4,600 shares of company stock worth $123,976. Corporate insiders own 4.02% of the company’s stock.

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.

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

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