Ellevest Inc. Boosts Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Ellevest Inc. raised its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) by 192.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,177 shares of the technology company’s stock after buying an additional 774 shares during the period. Ellevest Inc.’s holdings in The Liberty SiriusXM Group were worth $44,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Private Trust Co. NA acquired a new position in shares of The Liberty SiriusXM Group in the 2nd quarter valued at $29,000. CWM LLC boosted its stake in The Liberty SiriusXM Group by 16.5% in the third quarter. CWM LLC now owns 1,711 shares of the technology company’s stock valued at $65,000 after acquiring an additional 242 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of The Liberty SiriusXM Group during the second quarter worth about $90,000. MetLife Investment Management LLC purchased a new position in shares of The Liberty SiriusXM Group during the first quarter worth about $146,000. Finally, Prudential PLC acquired a new stake in shares of The Liberty SiriusXM Group during the first quarter worth about $152,000. 55.23% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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. In other news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, December 23rd. The stock was purchased at an average cost of $32.58 per share, with a total value of $26,064.00. Following the completion of the acquisition, the insider now owns 12,800 shares in the company, valued at approximately $417,024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 24,218 shares of the business’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 sale, the chief accounting officer now owns 3,173 shares in the company, valued at $147,417.58. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 8,200 shares of company stock valued at $267,200 and have sold 28,335 shares valued at $1,286,901. 12.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LSXMK shares. Morgan Stanley decreased their price objective on 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. Rosenblatt Securities lowered their price target 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 assumed coverage on The Liberty SiriusXM Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

The Liberty SiriusXM Group Stock Up 0.2 %

Shares of NASDAQ:LSXMK opened at $39.99 on Monday. The Liberty SiriusXM Group has a fifty-two week low of $34.34 and a fifty-two week high of $52.43. The firm’s 50-day simple moving average is $41.10 and its 200-day simple moving average is $40.78. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 14.92, a PEG ratio of 0.28 and a beta of 1.13.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last announced its quarterly earnings data on Friday, November 4th. The technology company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts forecast that The Liberty SiriusXM Group will post 3.82 EPS for the current year.

The Liberty SiriusXM Group Profile

(Get Rating)

Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.

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

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