Deutsche Bank AG Boosts Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Deutsche Bank AG grew its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) by 252.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,535,260 shares of the technology company’s stock after purchasing an additional 1,816,246 shares during the period. Deutsche Bank AG owned approximately 1.16% of The Liberty SiriusXM Group worth $91,395,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LSXMK. AIA Group Ltd raised its stake in shares of The Liberty SiriusXM Group by 60.9% during the first quarter. AIA Group Ltd now owns 2,098 shares of the technology company’s stock valued at $96,000 after purchasing an additional 794 shares during the period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of The Liberty SiriusXM Group during the first quarter worth approximately $103,000. MetLife Investment Management LLC acquired a new stake in shares of The Liberty SiriusXM Group during the first quarter worth approximately $146,000. Prudential PLC acquired a new stake in shares of The Liberty SiriusXM Group during the first quarter worth approximately $152,000. Finally, Alan B. Lancz & Associates Inc. acquired a new stake in shares of The Liberty SiriusXM Group during the second quarter worth approximately $161,000. Hedge funds and other institutional investors own 82.96% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMK opened at $41.98 on Monday. The Liberty SiriusXM Group has a 1 year low of $34.34 and a 1 year high of $53.55. The company has a market cap of $13.70 billion, a price-to-earnings ratio of 15.66, a price-to-earnings-growth ratio of 0.29 and a beta of 1.11. The firm has a fifty day moving average of $40.90 and a 200-day moving average of $40.05.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last announced its quarterly earnings results on Friday, November 4th. The technology company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.06). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.28 billion. Analysts predict that The Liberty SiriusXM Group will post 3.82 EPS for the current year.

Insider Activity at The Liberty SiriusXM Group

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 13th. The shares were acquired at an average cost of $29.31 per share, for a total transaction of $29,310.00. Following the completion of the purchase, the insider now directly owns 30,000 shares in the company, valued at $879,300. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have purchased a total of 2,800 shares of company stock worth $81,594 over the last ninety days. 12.47% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

LSXMK has been the subject of a number of recent analyst reports. StockNews.com initiated coverage on shares of The Liberty SiriusXM Group in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Morgan Stanley decreased their price objective on shares of The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a report on Monday, November 7th. Finally, Rosenblatt Securities decreased their price objective on shares of The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating for the company in a report on Monday, November 7th.

About The Liberty SiriusXM Group

(Get Rating)

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:LSXMK)

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