Xponance Inc. Trims Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Xponance Inc. trimmed its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) by 4.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,106 shares of the technology company’s stock after selling 330 shares during the period. Xponance Inc.’s holdings in The Liberty SiriusXM Group were worth $268,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Beese Fulmer Investment Management Inc. lifted its stake in The Liberty SiriusXM Group by 4.9% in the third quarter. Beese Fulmer Investment Management Inc. now owns 6,807 shares of the technology company’s stock valued at $257,000 after buying an additional 316 shares during the last quarter. Cetera Investment Advisers raised its position in The Liberty SiriusXM Group by 4.8% in the 2nd quarter. Cetera Investment Advisers now owns 7,174 shares of the technology company’s stock valued at $259,000 after purchasing an additional 329 shares during the last quarter. Citadel Investment Advisory Inc. boosted its stake in The Liberty SiriusXM Group by 3.8% during the 3rd quarter. Citadel Investment Advisory Inc. now owns 9,298 shares of the technology company’s stock worth $351,000 after purchasing an additional 338 shares during the period. Great West Life Assurance Co. Can grew its position in The Liberty SiriusXM Group by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock worth $6,355,000 after purchasing an additional 378 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in The Liberty SiriusXM Group by 1.0% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 51,920 shares of the technology company’s stock worth $1,872,000 after purchasing an additional 497 shares during the last quarter. 55.23% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other The Liberty SiriusXM Group news, CAO Brian J. Wendling sold 24,218 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $46.46, for a total value of $1,125,168.28. Following the completion of the sale, the chief accounting officer now owns 3,173 shares of the company’s stock, valued at $147,417.58. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CAO Brian J. Wendling sold 24,218 shares of the company’s stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $46.46, for a total transaction of $1,125,168.28. Following the transaction, the chief accounting officer now directly owns 3,173 shares of the company’s stock, valued at approximately $147,417.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al acquired 1,000 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Thursday, October 13th. The stock was bought at an average price of $29.31 per share, with a total value of $29,310.00. Following the purchase, the insider now directly owns 30,000 shares of the company’s stock, valued at $879,300. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 9,200 shares of company stock valued at $296,510 and have sold 26,965 shares valued at $1,238,951. 12.47% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their target price on shares of The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a research note on Monday, November 7th. Rosenblatt Securities dropped their target price on The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, November 7th. Finally, StockNews.com initiated coverage on The Liberty SiriusXM Group in a report on Wednesday, October 12th. They set a “hold” rating for the company.

The Liberty SiriusXM Group Stock Down 0.1 %

NASDAQ LSXMK opened at $40.32 on Wednesday. The stock has a market capitalization of $13.16 billion, a P/E ratio of 15.04, a P/E/G ratio of 0.29 and a beta of 1.13. The Liberty SiriusXM Group has a 52-week low of $34.34 and a 52-week high of $52.43. The firm has a 50-day moving average price of $41.45 and a 200 day moving average price of $40.54.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last released its 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 business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, equities research analysts expect that The Liberty SiriusXM Group will post 3.82 earnings per share for the current fiscal year.

The Liberty SiriusXM Group Profile

(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.