Magnetar Financial LLC Buys New Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Magnetar Financial LLC purchased a new position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,524 shares of the technology company’s stock, valued at approximately $255,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSXMK. Vanguard Group Inc. boosted its stake in shares of The Liberty SiriusXM Group by 11.2% during the first quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock worth $457,708,000 after buying an additional 1,554,904 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in The Liberty SiriusXM Group by 6.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,139,573 shares of the technology company’s stock worth $69,573,000 after acquiring an additional 181,340 shares during the period. Cadian Capital Management LP grew its stake in shares of The Liberty SiriusXM Group by 39.4% in the 4th quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company’s stock valued at $50,394,000 after purchasing an additional 495,000 shares during the last quarter. Boussard & Gavaudan Investment Management LLP acquired a new position in shares of The Liberty SiriusXM Group in the fourth quarter valued at approximately $34,834,000. Finally, Pentwater Capital Management LP raised its stake in shares of The Liberty SiriusXM Group by 82.6% during the second quarter. Pentwater Capital Management LP now owns 785,000 shares of the technology company’s stock worth $17,396,000 after purchasing an additional 355,000 shares during the last quarter. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Wall Street Analyst Weigh In

LSXMK has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of The Liberty SiriusXM Group in a research report on Thursday, September 19th. They issued a “sell” rating on the stock. Rosenblatt Securities lowered their target price on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

The Liberty SiriusXM Group Price Performance

LSXMK opened at $22.29 on Thursday. The business has a 50 day simple moving average of $22.43 and a 200-day simple moving average of $23.79. The Liberty SiriusXM Group has a 12 month low of $20.05 and a 12 month high of $31.67. The stock has a market capitalization of $7.28 billion and a P/E ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The company had revenue of $2.18 billion for the quarter.

About The Liberty SiriusXM Group

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.