Connor Clark & Lunn Investment Management Ltd. lessened its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) by 57.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,399 shares of the technology company’s stock after selling 56,255 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in The Liberty SiriusXM Group were worth $1,659,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of The Liberty SiriusXM Group in the 1st quarter worth about $207,000. Citigroup Inc. grew its holdings in shares of The Liberty SiriusXM Group by 22.7% in the 1st quarter. Citigroup Inc. now owns 94,617 shares of the technology company’s stock worth $4,327,000 after purchasing an additional 17,515 shares during the last quarter. MetLife Investment Management LLC bought a new stake in shares of The Liberty SiriusXM Group in the 1st quarter worth about $146,000. BlackRock Inc. grew 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 during the last quarter. Finally, Great West Life Assurance Co. Can grew 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 during the last quarter. Institutional investors own 55.23% of the company’s stock.
Insider Buying and Selling at The Liberty SiriusXM Group
In related news, CAO Brian J. Wendling sold 3,137 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total value of $235,620.07. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CAO Brian J. Wendling sold 1,370 shares of the stock in a transaction that occurred on Monday, April 24th. The shares were sold at an average price of $36.00, for a total value of $49,320.00. Following the sale, the chief accounting officer now directly owns 15,805 shares in the company, valued at approximately $568,980. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 3,137 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total transaction of $235,620.07. The disclosure for this sale can be found here. In the last three months, insiders have acquired 51,200 shares of company stock worth $1,376,825 and have sold 432,401 shares worth $32,257,898. Corporate insiders own 12.47% of the company’s stock.
The Liberty SiriusXM Group Trading Up 2.9 %
The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last released its earnings results on Friday, May 5th. The technology company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.12). The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.16 billion. Research analysts forecast that The Liberty SiriusXM Group will post 3.17 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on LSXMK. Pivotal Research reduced their price target on shares of The Liberty SiriusXM Group from $44.00 to $36.00 in a research report on Tuesday, May 9th. Morgan Stanley reduced their price target on shares of The Liberty SiriusXM Group from $41.00 to $32.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 13th. Finally, StockNews.com began coverage on shares of The Liberty SiriusXM Group in a research report on Thursday, May 18th. They set a “hold” rating on the stock.
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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