The Liberty SiriusXM Group (NASDAQ:LSXMA) Position Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,855 shares of the technology company’s stock after selling 8,287 shares during the period. New York State Common Retirement Fund’s holdings in The Liberty SiriusXM Group were worth $1,548,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Equitable Trust Co. raised its stake in The Liberty SiriusXM Group by 7.2% during the 4th quarter. Equitable Trust Co. now owns 16,517 shares of the technology company’s stock valued at $475,000 after purchasing an additional 1,105 shares during the period. swisspartners Advisors Ltd lifted its position in The Liberty SiriusXM Group by 0.9% during the 3rd quarter. swisspartners Advisors Ltd now owns 161,770 shares of the technology company’s stock worth $3,769,000 after acquiring an additional 1,480 shares during the last quarter. Hsbc Holdings PLC lifted its position in The Liberty SiriusXM Group by 14.8% during the 3rd quarter. Hsbc Holdings PLC now owns 14,318 shares of the technology company’s stock worth $364,000 after acquiring an additional 1,845 shares during the last quarter. Simplex Trading LLC raised its position in shares of The Liberty SiriusXM Group by 4.8% during the third quarter. Simplex Trading LLC now owns 41,614 shares of the technology company’s stock valued at $1,059,000 after buying an additional 1,901 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of The Liberty SiriusXM Group by 6.6% during the third quarter. Brown Advisory Inc. now owns 33,080 shares of the technology company’s stock valued at $842,000 after buying an additional 2,060 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup cut shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $35.00 to $28.00 in a research note on Wednesday, April 24th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.67.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc acquired 311,637 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were acquired at an average cost of $25.47 per share, for a total transaction of $7,937,394.39. Following the completion of the acquisition, the insider now directly owns 70,002,897 shares in the company, valued at approximately $1,782,973,786.59. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have bought 6,457,501 shares of company stock worth $179,148,132.

The Liberty SiriusXM Group Price Performance

Shares of LSXMA stock opened at $24.99 on Friday. The Liberty SiriusXM Group has a 52-week low of $22.01 and a 52-week high of $31.69. The firm’s 50 day moving average price is $27.22 and its two-hundred day moving average price is $27.92.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter. The business had revenue of $2.29 billion during the quarter. As a group, sell-side analysts expect that The Liberty SiriusXM Group will post 2.12 earnings per share for the current fiscal year.

The Liberty SiriusXM Group Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. 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 SXM App for mobile and home devices, and other consumer electronic equipment.