K2 Principal Fund L.P. Has $4.32 Million Stake in Liberty Sirius XM Group Series A (LSXMA)

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K2 Principal Fund L.P. grew its stake in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 166.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,800 shares of the technology company’s stock after purchasing an additional 59,900 shares during the period. K2 Principal Fund L.P.’s holdings in Liberty Sirius XM Group Series A were worth $4,316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in LSXMA. First Personal Financial Services lifted its holdings in shares of Liberty Sirius XM Group Series A by 3,414.9% during the first quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock valued at $126,000 after purchasing an additional 2,971 shares during the last quarter. Blair William & Co. IL purchased a new stake in shares of Liberty Sirius XM Group Series A during the first quarter valued at $136,000. Bank of Montreal Can purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter valued at $161,000. Summit Trail Advisors LLC lifted its holdings in shares of Liberty Sirius XM Group Series A by 3,468.1% during the first quarter. Summit Trail Advisors LLC now owns 176,658 shares of the technology company’s stock valued at $177,000 after purchasing an additional 171,707 shares during the last quarter. Finally, People s United Financial Inc. purchased a new stake in shares of Liberty Sirius XM Group Series A during the second quarter valued at $208,000. 26.93% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Sirius XM Group Series A stock opened at $46.02 on Thursday. The stock has a market capitalization of $15.45 billion, a P/E ratio of 13.90 and a beta of 1.89. Liberty Sirius XM Group Series A has a 1 year low of $38.61 and a 1 year high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.01). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.42 billion. analysts predict that Liberty Sirius XM Group Series A will post 2.16 earnings per share for the current year.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Friday, August 24th. B. Riley increased their price objective on Liberty Sirius XM Group Series A to $75.00 and gave the stock a “buy” rating in a research note on Tuesday. Macquarie reduced their price objective on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating for the company in a research note on Tuesday, August 28th. Deutsche Bank increased their price objective on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, August 14th. Finally, Barclays downgraded Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $50.00 to $43.00 in a research note on Tuesday, June 26th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.78.

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.

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

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