Bank of New York Mellon Corp Sells 26,642 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Bank of New York Mellon Corp reduced its stake in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 8.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,628 shares of the technology company’s stock after selling 26,642 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of The Liberty SiriusXM Group worth $7,799,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its holdings in shares of The Liberty SiriusXM Group by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 37,665 shares of the technology company’s stock worth $1,434,000 after purchasing an additional 297 shares during the period. Commonwealth Equity Services LLC lifted its position in The Liberty SiriusXM Group by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,579 shares of the technology company’s stock valued at $1,162,000 after purchasing an additional 340 shares during the last quarter. Banque Cantonale Vaudoise increased its position in shares of The Liberty SiriusXM Group by 16.4% in the first quarter. Banque Cantonale Vaudoise now owns 2,780 shares of the technology company’s stock valued at $78,000 after acquiring an additional 391 shares during the period. abrdn plc boosted its stake in shares of The Liberty SiriusXM Group by 6.0% during the 4th quarter. abrdn plc now owns 7,134 shares of the technology company’s stock valued at $280,000 after purchasing an additional 401 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of The Liberty SiriusXM Group by 1.3% during the fourth quarter. Treasurer of the State of North Carolina now owns 32,579 shares of the technology company’s stock valued at $1,281,000 after purchasing an additional 420 shares in the last quarter. Institutional investors own 0.40% of the company’s stock.

The Liberty SiriusXM Group Trading Up 0.5 %

LSXMA stock opened at $24.15 on Monday. The Liberty SiriusXM Group has a 52 week low of $22.50 and a 52 week high of $26.94. The firm has a 50 day moving average of $28.90 and a 200 day moving average of $28.95.

Analyst Ratings Changes

Several analysts recently issued reports on LSXMA shares. Benchmark cut their target price on shares of The Liberty SiriusXM Group from $60.00 to $38.00 and set a “buy” rating for the company in a research report on Monday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Liberty SiriusXM Group from $57.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 7th. TheStreet downgraded The Liberty SiriusXM Group from a “c” rating to a “d+” rating in a research note on Thursday, July 20th. Finally, Citigroup lowered their target price on The Liberty SiriusXM Group from $33.79 to $32.00 in a research note on Thursday, August 17th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $47.33.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, CEO Gregory B. Maffei sold 5,182 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $32.82, for a total transaction of $170,073.24. Following the sale, the chief executive officer now directly owns 4,203,799 shares in the company, valued at approximately $137,968,683.18. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Chairman John C. Malone bought 140,000 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was purchased at an average price of $35.70 per share, for a total transaction of $4,998,000.00. Following the transaction, the chairman now owns 3,658,473 shares in the company, valued at $130,607,486.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory B. Maffei sold 5,182 shares of The Liberty SiriusXM Group stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $32.82, for a total value of $170,073.24. Following the transaction, the chief executive officer now owns 4,203,799 shares in the company, valued at $137,968,683.18. The disclosure for this sale can be found here. Over the last quarter, insiders sold 293,749 shares of company stock valued at $20,536,669.

The Liberty SiriusXM Group Profile

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.