Los Angeles Capital Management LLC Has $1.60 Million Stake in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Los Angeles Capital Management LLC decreased its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) by 60.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,303 shares of the technology company’s stock after selling 64,282 shares during the quarter. Los Angeles Capital Management LLC’s holdings in The Liberty SiriusXM Group were worth $1,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rehmann Capital Advisory Group acquired a new stake in The Liberty SiriusXM Group in the 2nd quarter worth about $208,000. Xponance Inc. acquired a new position in shares of The Liberty SiriusXM Group in the 2nd quarter valued at approximately $268,000. Prudential PLC raised its position in shares of The Liberty SiriusXM Group by 43.3% in the 2nd quarter. Prudential PLC now owns 4,759 shares of the technology company’s stock valued at $172,000 after buying an additional 1,438 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in shares of The Liberty SiriusXM Group by 122.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 10,040 shares of the technology company’s stock valued at $362,000 after buying an additional 5,520 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC raised its position in shares of The Liberty SiriusXM Group by 3.6% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 96,161 shares of the technology company’s stock valued at $3,626,000 after buying an additional 3,351 shares in the last quarter. Institutional investors and hedge funds own 55.23% of the company’s stock.

The Liberty SiriusXM Group Price Performance

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 has a market capitalization 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 company’s 50 day moving average price is $41.10 and its two-hundred day moving average price is $40.78.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $2.28 billion. As a group, equities research analysts predict that The Liberty SiriusXM Group will post 3.82 EPS for the current year.

Insiders Place Their Bets

In other news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $35.00, for a total value of $47,950.00. Following the sale, the chief accounting officer now directly owns 14,871 shares of the company’s stock, valued at approximately $520,485. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction on Wednesday, January 11th. The shares were sold at an average price of $35.00, for a total value of $47,950.00. Following the sale, the chief accounting officer now directly owns 14,871 shares of the company’s stock, valued at approximately $520,485. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of The Liberty SiriusXM Group stock in a transaction dated Friday, December 23rd. The stock was purchased at an average cost of $32.58 per share, for a total transaction of $26,064.00. Following the completion of the purchase, the insider now owns 12,800 shares in the company, valued at approximately $417,024. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 8,200 shares of company stock valued at $267,200 and have sold 28,335 shares valued at $1,286,901. Insiders own 12.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LSXMK. StockNews.com began coverage on shares of The Liberty SiriusXM Group in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Rosenblatt Securities dropped their target price on shares of The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Finally, Morgan Stanley dropped 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 report on Monday, November 7th.

The Liberty SiriusXM Group Company 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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