Nordea Investment Management AB Boosts Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Nordea Investment Management AB lifted its position in The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 20.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,757 shares of the technology company’s stock after purchasing an additional 990 shares during the period. Nordea Investment Management AB’s holdings in The Liberty SiriusXM Group were worth $226,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in LSXMA. Aristeia Capital LLC grew its holdings in shares of The Liberty SiriusXM Group by 167.3% in the third quarter. Aristeia Capital LLC now owns 2,486,472 shares of the technology company’s stock worth $94,660,000 after purchasing an additional 1,556,277 shares during the last quarter. BNP Paribas Arbitrage SNC grew its holdings in shares of The Liberty SiriusXM Group by 226.7% in the third quarter. BNP Paribas Arbitrage SNC now owns 993,333 shares of the technology company’s stock worth $37,605,000 after purchasing an additional 689,276 shares during the last quarter. Baupost Group LLC MA boosted its holdings in The Liberty SiriusXM Group by 13.0% in the first quarter. Baupost Group LLC MA now owns 5,619,936 shares of the technology company’s stock valued at $256,887,000 after acquiring an additional 644,936 shares in the last quarter. One Fin Capital Management LP bought a new stake in The Liberty SiriusXM Group in the third quarter valued at $17,703,000. Finally, Goldman Sachs Group Inc. boosted its holdings in The Liberty SiriusXM Group by 102.7% in the first quarter. Goldman Sachs Group Inc. now owns 904,999 shares of the technology company’s stock valued at $41,368,000 after acquiring an additional 458,443 shares in the last quarter. Institutional investors own 29.67% of the company’s stock.

Insider Transactions at The Liberty SiriusXM Group

In other news, CAO Brian J. Wendling sold 1,370 shares of The Liberty SiriusXM Group stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $36.00, for a total value of $49,320.00. Following the completion of the transaction, the chief accounting officer now owns 15,805 shares of the company’s stock, valued at approximately $568,980. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other The Liberty SiriusXM Group news, CAO Brian J. Wendling sold 1,370 shares of the business’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $36.00, for a total value of $49,320.00. Following the completion of the transaction, the chief accounting officer now owns 15,805 shares of the company’s stock, valued at approximately $568,980. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brian J. Wendling sold 9,058 shares of the business’s stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $73.22, for a total value of $663,226.76. Following the completion of the transaction, the chief accounting officer now directly owns 8,137 shares of the company’s stock, valued at approximately $595,791.14. The disclosure for this sale can be found here. In the last quarter, insiders purchased 51,200 shares of company stock valued at $1,376,825 and sold 432,401 shares valued at $32,257,898. 4.02% of the stock is owned by insiders.

The Liberty SiriusXM Group Price Performance

LSXMA opened at $28.54 on Tuesday. The stock has a 50-day moving average price of $27.90 and a 200-day moving average price of $35.46. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.79 and a quick ratio of 0.71. The firm has a market cap of $9.32 billion, a PE ratio of 8.89 and a beta of 1.10. The Liberty SiriusXM Group has a 1 year low of $25.05 and a 1 year high of $45.26.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.22. The firm had revenue of $2.28 billion during the quarter. The Liberty SiriusXM Group had a return on equity of 6.33% and a net margin of 13.25%. Sell-side analysts predict that The Liberty SiriusXM Group will post 2.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Evercore ISI cut their price target on shares of The Liberty SiriusXM Group from $46.00 to $43.00 and set an “outperform” rating on the stock in a report on Tuesday, March 28th. Benchmark cut their price target on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Citigroup cut their price target on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, March 6th. Deutsche Bank Aktiengesellschaft cut their price target on shares of The Liberty SiriusXM Group from $67.00 to $58.00 in a report on Thursday, March 16th. Finally, Credit Suisse Group reissued an “outperform” rating and set a $39.00 price objective on shares of The Liberty SiriusXM Group in a research report on Thursday, March 9th. Six investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, The Liberty SiriusXM Group presently has a consensus rating of “Buy” and an average target price of $57.00.

The Liberty SiriusXM Group 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.