Treasurer of the State of North Carolina Increases Stake in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Posted by Defense World Staff on Aug 11th, 2023

Treasurer of the State of North Carolina raised its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) by 38.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,119 shares of the technology company’s stock after buying an additional 12,540 shares during the quarter. Treasurer of the State of North Carolina’s holdings in The Liberty SiriusXM Group were worth $1,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in LSXMA. JPMorgan Chase & Co. grew its holdings in shares of The Liberty SiriusXM Group by 208.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,961,423 shares of the technology company’s stock valued at $77,103,000 after purchasing an additional 1,324,560 shares in the last quarter. Baupost Group LLC MA grew its holdings in shares of The Liberty SiriusXM Group by 13.0% in the first quarter. Baupost Group LLC MA now owns 5,619,936 shares of the technology company’s stock valued at $256,887,000 after purchasing an additional 644,936 shares in the last quarter. Norges Bank purchased a new position in shares of The Liberty SiriusXM Group in the fourth quarter valued at $21,652,000. Goldman Sachs Group Inc. grew its holdings in shares of The Liberty SiriusXM Group by 102.7% in the first quarter. Goldman Sachs Group Inc. now owns 904,999 shares of the technology company’s stock valued at $41,368,000 after purchasing an additional 458,443 shares in the last quarter. Finally, Amundi grew its holdings in shares of The Liberty SiriusXM Group by 542.2% in the fourth quarter. Amundi now owns 509,019 shares of the technology company’s stock valued at $20,773,000 after purchasing an additional 429,761 shares in the last quarter. 28.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, Chairman John C. Malone acquired 140,000 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was bought at an average cost of $35.70 per share, with a total value of $4,998,000.00. Following the completion of the purchase, the chairman now directly owns 3,658,473 shares in the company, valued at $130,607,486.10. 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, Chairman John C. Malone purchased 140,000 shares of the stock in a transaction dated Monday, August 7th. The stock was purchased at an average price of $35.70 per share, with a total value of $4,998,000.00. Following the transaction, the chairman now owns 3,658,473 shares of the company’s stock, valued at $130,607,486.10. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Albert E. Rosenthaler sold 5,882 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $73.79, for a total transaction of $434,032.78. Following the completion of the sale, the insider now directly owns 72,644 shares of the company’s stock, valued at approximately $5,360,400.76. The disclosure for this sale can be found here. Corporate insiders own 12.47% of the company’s stock.

Analyst Ratings Changes

LSXMA has been the subject of several recent analyst reports. Citigroup lifted their price objective on shares of The Liberty SiriusXM Group from $39.00 to $46.00 in a research note on Sunday, July 16th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of The Liberty SiriusXM Group from $57.00 to $47.00 and set a “buy” rating for the company in a research note on Monday. Benchmark dropped their price objective on shares of The Liberty SiriusXM Group from $60.00 to $38.00 and set a “buy” rating for the company in a research note on Monday. Finally, TheStreet lowered shares of The Liberty SiriusXM Group from a “c” rating to a “d+” rating in a research note on Thursday, July 20th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $49.67.

Read Our Latest Report on LSXMA

The Liberty SiriusXM Group Stock Down 1.3 %

NASDAQ:LSXMA opened at $22.81 on Friday. The Liberty SiriusXM Group has a twelve month low of $22.50 and a twelve month high of $26.94. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 7.11 and a beta of 1.12. The stock has a fifty day simple moving average of $31.07 and a 200-day simple moving average of $30.73. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.82.

The Liberty SiriusXM Group Company Profile

(Free Report)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through applications for mobile and home devices, and other consumer electronic equipment.