Pictet Asset Management SA Trims Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Pictet Asset Management SA lessened its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) by 8.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,188 shares of the technology company’s stock after selling 2,404 shares during the period. Pictet Asset Management SA’s holdings in The Liberty SiriusXM Group were worth $980,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. MBM Wealth Consultants LLC purchased a new position in shares of The Liberty SiriusXM Group during the 1st quarter worth approximately $46,000. Ellevest Inc. grew its holdings in shares of The Liberty SiriusXM Group by 782.0% during the 2nd quarter. Ellevest Inc. now owns 1,226 shares of the technology company’s stock worth $44,000 after acquiring an additional 1,087 shares during the period. MetLife Investment Management LLC purchased a new position in shares of The Liberty SiriusXM Group during the 1st quarter worth approximately $85,000. Prudential PLC purchased a new position in shares of The Liberty SiriusXM Group during the 1st quarter worth approximately $100,000. Finally, Quent Capital LLC grew its holdings in shares of The Liberty SiriusXM Group by 265.4% during the 1st quarter. Quent Capital LLC now owns 2,890 shares of the technology company’s stock worth $132,000 after acquiring an additional 2,099 shares during the period. Hedge funds and other institutional investors own 28.05% of the company’s stock.

Insider Transactions at The Liberty SiriusXM Group

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, October 13th. The stock was purchased at an average cost of $29.31 per share, for a total transaction of $29,310.00. Following the purchase, the insider now directly owns 30,000 shares of the company’s stock, valued at approximately $879,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.02% of the stock is currently owned by company insiders.

The Liberty SiriusXM Group Price Performance

NASDAQ LSXMA opened at $42.93 on Wednesday. The business’s fifty day moving average price is $41.14 and its 200-day moving average price is $40.20. The stock has a market capitalization of $14.02 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.27 and a beta of 1.11. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.95 and a quick ratio of 0.95. The Liberty SiriusXM Group has a 1-year low of $34.40 and a 1-year high of $52.62.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last released its quarterly earnings results on Friday, November 4th. The technology company reported $0.82 earnings per share for the quarter. The firm had revenue of $2.28 billion for the quarter. The Liberty SiriusXM Group had a return on equity of 5.32% and a net margin of 10.79%. On average, equities analysts predict that The Liberty SiriusXM Group will post 4.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays upped their price target on 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. Pivotal Research cut their price target on The Liberty SiriusXM Group from $66.00 to $64.00 in a research note on Monday, August 8th. Rosenblatt Securities cut their price target on The Liberty SiriusXM Group from $95.00 to $85.00 and set a “buy” rating on the stock in a research note on Tuesday, October 18th. Citigroup upped their price target on The Liberty SiriusXM Group from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Monday, November 7th. Finally, Credit Suisse Group cut their price target 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $64.43.

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.

Further Reading

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

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