Rhumbline Advisers Has $4.26 Million Holdings in Liberty Sirius XM Group Series A (LSXMA)

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Rhumbline Advisers reduced its position in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,577 shares of the technology company’s stock after selling 5,410 shares during the quarter. Rhumbline Advisers’ holdings in Liberty Sirius XM Group Series A were worth $4,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CQS Cayman LP raised its position in shares of Liberty Sirius XM Group Series A by 4.0% in the first quarter. CQS Cayman LP now owns 585,322 shares of the technology company’s stock valued at $24,058,000 after purchasing an additional 22,528 shares during the period. Millennium Management LLC raised its position in shares of Liberty Sirius XM Group Series A by 1,794.7% in the first quarter. Millennium Management LLC now owns 505,799 shares of the technology company’s stock valued at $20,788,000 after purchasing an additional 479,103 shares during the period. California Public Employees Retirement System raised its position in shares of Liberty Sirius XM Group Series A by 3.5% in the first quarter. California Public Employees Retirement System now owns 414,653 shares of the technology company’s stock valued at $17,042,000 after purchasing an additional 14,063 shares during the period. Legal & General Group Plc raised its position in shares of Liberty Sirius XM Group Series A by 6.8% in the first quarter. Legal & General Group Plc now owns 411,937 shares of the technology company’s stock valued at $16,931,000 after purchasing an additional 26,395 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of Liberty Sirius XM Group Series A by 3.2% in the first quarter. BNP Paribas Arbitrage SA now owns 397,020 shares of the technology company’s stock valued at $16,318,000 after purchasing an additional 12,225 shares during the period. 26.93% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on the stock. Macquarie dropped their price objective on shares of Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 28th. Zacks Investment Research raised shares of Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research report on Wednesday, May 16th. Barclays lowered shares of Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $50.00 to $43.00 in a research report on Tuesday, June 26th. Pivotal Research restated a “buy” rating and issued a $60.00 price target on shares of Liberty Sirius XM Group Series A in a research note on Wednesday, May 23rd. Finally, B. Riley upped their price target on shares of Liberty Sirius XM Group Series A to $75.00 and gave the company a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $57.78.

LSXMA stock opened at $47.35 on Wednesday. Liberty Sirius XM Group Series A has a 52 week low of $38.61 and a 52 week high of $48.57. The stock has a market capitalization of $15.45 billion, a P/E ratio of 12.77 and a beta of 1.90.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last released its quarterly earnings results on Wednesday, August 8th. The technology company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. research analysts anticipate that Liberty Sirius XM Group Series A will post 2.17 EPS for the current fiscal year.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $36.71, for a total transaction of $2,011,010.51. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Liberty Sirius XM Group Series A Company Profile

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

Read More: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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