The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Sold by Oppenheimer & Co. Inc.

Posted by Defense World Staff on Feb 25th, 2023

Oppenheimer & Co. Inc. trimmed its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) by 3.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,787 shares of the technology company’s stock after selling 365 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in The Liberty SiriusXM Group were worth $444,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LSXMK. Cambridge Investment Research Advisors Inc. bought a new stake in shares of The Liberty SiriusXM Group during the 1st quarter worth about $207,000. Citigroup Inc. raised its position in shares of The Liberty SiriusXM Group by 22.7% during the 1st quarter. Citigroup Inc. now owns 94,617 shares of the technology company’s stock worth $4,327,000 after buying an additional 17,515 shares in the last quarter. MetLife Investment Management LLC bought a new stake in shares of The Liberty SiriusXM Group in the 1st quarter worth approximately $146,000. BlackRock Inc. raised its holdings in shares of The Liberty SiriusXM Group by 0.5% in the 1st quarter. BlackRock Inc. now owns 10,572,200 shares of the technology company’s stock worth $483,466,000 after purchasing an additional 49,981 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of The Liberty SiriusXM Group by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 131,039 shares of the technology company’s stock worth $6,355,000 after purchasing an additional 378 shares in the last quarter. 55.23% of the stock is currently owned by institutional investors.

Insider Activity

In other news, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of the business’s stock in a transaction dated Friday, December 23rd. The shares were acquired at an average price of $32.58 per share, for a total transaction of $26,064.00. Following the completion of the acquisition, the insider now directly owns 12,800 shares of the company’s stock, valued at $417,024. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of the stock in a transaction that occurred on Friday, December 23rd. The shares were purchased at an average cost of $32.58 per share, with a total value of $26,064.00. Following the completion of the transaction, the insider now owns 12,800 shares of the company’s stock, valued at approximately $417,024. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 1,045 shares of the business’s stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $33.00, for a total transaction of $34,485.00. Following the transaction, the chief accounting officer now directly owns 17,826 shares in the company, valued at $588,258. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 8,200 shares of company stock worth $267,200 and have sold 27,160 shares worth $1,224,657. 12.47% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LSXMK has been the topic of a number of research reports. StockNews.com downgraded shares of The Liberty SiriusXM Group from a “buy” rating to a “hold” rating in a report on Friday. Rosenblatt Securities dropped their target price on shares of The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Monday, November 7th. Finally, Morgan Stanley dropped their target price on shares of The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating on the stock in a report on Monday, November 7th.

The Liberty SiriusXM Group Price Performance

LSXMK stock opened at $32.01 on Friday. The Liberty SiriusXM Group has a 52-week low of $31.97 and a 52-week high of $51.09. The company’s 50 day simple moving average is $38.17 and its 200-day simple moving average is $40.37. The firm has a market capitalization of $10.45 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.23 and a beta of 1.10.

About The Liberty SiriusXM Group

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.