Group One Trading L.P. boosted its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 4.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 15,881 shares of the technology company’s stock after purchasing an additional 708 shares during the period. Group One Trading L.P.’s holdings in The Liberty SiriusXM Group were worth $624,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LSXMA. Bank of New York Mellon Corp lifted its stake in The Liberty SiriusXM Group by 71.5% in the first quarter. Bank of New York Mellon Corp now owns 434,172 shares of the technology company’s stock valued at $19,846,000 after acquiring an additional 181,038 shares during the last quarter. Citigroup Inc. lifted its stake in The Liberty SiriusXM Group by 11.2% in the first quarter. Citigroup Inc. now owns 50,221 shares of the technology company’s stock valued at $2,295,000 after acquiring an additional 5,068 shares during the last quarter. MetLife Investment Management LLC acquired a new stake in The Liberty SiriusXM Group in the first quarter valued at approximately $85,000. BlackRock Inc. lifted its stake in The Liberty SiriusXM Group by 3.6% in the first quarter. BlackRock Inc. now owns 6,170,942 shares of the technology company’s stock valued at $282,074,000 after acquiring an additional 213,037 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in The Liberty SiriusXM Group by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 815,602 shares of the technology company’s stock valued at $37,285,000 after acquiring an additional 2,176 shares during the last quarter. 29.67% of the stock is owned by hedge funds and other institutional investors.
The Liberty SiriusXM Group Stock Down 0.8 %
LSXMA opened at $28.05 on Wednesday. The stock has a market capitalization of $9.16 billion, a price-to-earnings ratio of 8.74 and a beta of 1.10. The Liberty SiriusXM Group has a 1-year low of $25.05 and a 1-year high of $45.26. The business has a 50 day moving average of $27.91 and a 200-day moving average of $34.87. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.82.
Insider Buying and Selling
In other news, major shareholder Gamco Investors, Inc. Et Al acquired 700 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was purchased at an average cost of $35.95 per share, for a total transaction of $25,165.00. Following the completion of the transaction, the insider now directly owns 22,000 shares in the company, valued at $790,900. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, major shareholder Gamco Investors, Inc. Et Al purchased 700 shares of the stock in a transaction dated Monday, April 17th. The stock was bought at an average cost of $35.95 per share, with a total value of $25,165.00. Following the purchase, the insider now directly owns 22,000 shares in the company, valued at approximately $790,900. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Brian J. Wendling sold 3,137 shares of the company’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total value of $235,620.07. The disclosure for this sale can be found here. Over the last three months, insiders bought 51,200 shares of company stock worth $1,376,825 and sold 432,401 shares worth $32,257,898. Corporate insiders own 4.02% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LSXMA. Evercore ISI reduced their target price on shares of The Liberty SiriusXM Group from $46.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, March 28th. Citigroup reduced their price objective on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Benchmark reduced their price objective on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, March 7th. Credit Suisse Group reiterated an “outperform” rating and set a $39.00 price target on shares of The Liberty SiriusXM Group in a report on Thursday, March 9th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on The Liberty SiriusXM Group from $67.00 to $58.00 in a research report on Thursday, March 16th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $57.00.
About The Liberty SiriusXM Group
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.
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