The Liberty SiriusXM Group (NASDAQ:LSXMA) Sees Large Increase in Short Interest

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 3,060,000 shares, a growth of 6.6% from the February 13th total of 2,870,000 shares. Based on an average trading volume of 984,800 shares, the days-to-cover ratio is currently 3.1 days. Currently, 3.3% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LSXMA. Benchmark cut their target price on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a research note on Tuesday, March 7th. Credit Suisse Group restated an “outperform” rating and issued a $39.00 target price on shares of The Liberty SiriusXM Group in a research note on Thursday, March 9th. Finally, Citigroup cut their target price on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $61.57.

The Liberty SiriusXM Group Trading Down 0.7 %

Shares of NASDAQ:LSXMA opened at $26.54 on Thursday. The company has a 50 day moving average of $35.84 and a 200-day moving average of $39.28. The firm has a market cap of $8.67 billion, a P/E ratio of 7.27 and a beta of 1.12. The Liberty SiriusXM Group has a twelve month low of $26.07 and a twelve month high of $46.87. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last issued its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.22. The company had revenue of $2.28 billion during the quarter. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity of 6.99%.

Insider Activity at The Liberty SiriusXM Group

In related news, Chairman John C. Malone sold 285,320 shares of The Liberty SiriusXM Group stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $74.95, for a total transaction of $21,384,734.00. Following the transaction, the chairman now owns 3,670,061 shares in the company, valued at approximately $275,071,071.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of the business’s stock in a transaction on Friday, December 23rd. The shares were purchased at an average price of $32.58 per share, for a total transaction of $26,064.00. Following the acquisition, the insider now directly owns 12,800 shares of the company’s stock, valued at approximately $417,024. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman John C. Malone sold 285,320 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $74.95, for a total transaction of $21,384,734.00. Following the completion of the transaction, the chairman now owns 3,670,061 shares in the company, valued at approximately $275,071,071.95. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 8,700 shares of company stock worth $283,360 and have sold 406,370 shares worth $30,359,615. Company insiders own 4.02% of the company’s stock.

Institutional Trading of The Liberty SiriusXM Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp lifted its stake in The Liberty SiriusXM Group by 92.0% during the fourth quarter. Truist Financial Corp now owns 21,759 shares of the technology company’s stock valued at $855,000 after purchasing an additional 10,429 shares during the last quarter. III Capital Management lifted its stake in The Liberty SiriusXM Group by 50.0% during the fourth quarter. III Capital Management now owns 118,500 shares of the technology company’s stock valued at $4,658,000 after purchasing an additional 39,500 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in The Liberty SiriusXM Group by 2.1% during the fourth quarter. Public Employees Retirement System of Ohio now owns 38,471 shares of the technology company’s stock valued at $1,512,000 after purchasing an additional 806 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of The Liberty SiriusXM Group by 91.9% in the 4th quarter. Captrust Financial Advisors now owns 19,454 shares of the technology company’s stock valued at $765,000 after acquiring an additional 9,318 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in The Liberty SiriusXM Group in the 4th quarter worth approximately $415,000. 29.67% of the stock is owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Company Profile

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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.