Credit Suisse AG Grows Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Posted by Defense World Staff on Feb 27th, 2023

Credit Suisse AG lifted its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) by 8.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 151,042 shares of the technology company’s stock after purchasing an additional 11,908 shares during the period. Credit Suisse AG owned about 0.07% of The Liberty SiriusXM Group worth $5,696,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

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

The Liberty SiriusXM Group Stock Down 3.0 %

Shares of LSXMK stock opened at $32.01 on Monday. The Liberty SiriusXM Group has a 52-week low of $31.97 and a 52-week high of $51.09. The stock’s 50-day moving average price is $38.17 and its 200 day moving average price is $40.36. The stock has a market capitalization of $10.45 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 0.23 and a beta of 1.10.

Insider Buying and Selling at The Liberty SiriusXM Group

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

The Liberty SiriusXM Group Profile

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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.