Royal London Asset Management Ltd. Purchases 3,677 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Royal London Asset Management Ltd. lifted its position in The Liberty SiriusXM Group (NASDAQ:LSXMAFree Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,880 shares of the technology company’s stock after acquiring an additional 3,677 shares during the quarter. Royal London Asset Management Ltd.’s holdings in The Liberty SiriusXM Group were worth $1,089,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LSXMA. Jump Financial LLC bought a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at about $244,000. Cowen AND Company LLC bought a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at about $636,000. Clifford Capital Partners LLC lifted its holdings in The Liberty SiriusXM Group by 68.0% during the 3rd quarter. Clifford Capital Partners LLC now owns 521,259 shares of the technology company’s stock valued at $13,266,000 after buying an additional 211,026 shares in the last quarter. Hsbc Holdings PLC lifted its holdings 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 valued at $364,000 after buying an additional 1,845 shares in the last quarter. Finally, Ursa Fund Management LLC bought a new stake in The Liberty SiriusXM Group during the 3rd quarter valued at about $361,000. Institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LSXMA shares. Seaport Res Ptn upgraded shares of The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a report on Monday, April 29th. Citigroup downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and cut their target price for the company from $35.00 to $28.00 in a research report on Wednesday, April 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.67.

Get Our Latest Stock Report on The Liberty SiriusXM Group

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMA opened at $21.01 on Monday. The company has a market capitalization of $6.86 billion and a price-to-earnings ratio of 8.65. The company’s 50-day simple moving average is $24.53 and its two-hundred day simple moving average is $27.62. The Liberty SiriusXM Group has a one year low of $20.73 and a one year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Free Report) last posted its earnings results on Wednesday, May 8th. The technology company reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.05). The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Equities analysts expect that The Liberty SiriusXM Group will post 3.02 earnings per share for the current fiscal year.

Insider Transactions at The Liberty SiriusXM Group

In other news, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $70.53, for a total value of $6,344,244.03. Following the transaction, the chairman now owns 2,540,430 shares of the company’s stock, valued at approximately $179,176,527.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Chairman John C. Malone sold 139,065 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the sale, the chairman now directly owns 2,401,365 shares in the company, valued at approximately $165,646,157.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John C. Malone sold 89,951 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $70.53, for a total transaction of $6,344,244.03. Following the completion of the sale, the chairman now owns 2,540,430 shares of the company’s stock, valued at $179,176,527.90. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 4,492,894 shares of company stock valued at $121,296,950 and have sold 229,161 shares valued at $15,947,127. Insiders own 0.09% of the company’s stock.

The Liberty SiriusXM Group Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Liberty SiriusXM Group (NASDAQ:LSXMAFree Report).

Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMA)

Receive News & Ratings for The Liberty SiriusXM Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Liberty SiriusXM Group and related companies with MarketBeat.com's FREE daily email newsletter.