Segantii Capital Management Ltd lessened its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 650,000 shares of the technology company's stock after selling 100,000 shares during the quarter. The Liberty SiriusXM Group accounts for 1.0% of Segantii Capital Management Ltd's investment portfolio, making the stock its 25th biggest position. Segantii Capital Management Ltd owned 0.20% of The Liberty SiriusXM Group worth $18,681,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of The Liberty SiriusXM Group by 46.6% in the third quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company's stock worth $273,449,000 after buying an additional 3,416,321 shares during the period. Cadian Capital Management LP bought a new stake in The Liberty SiriusXM Group in the 3rd quarter worth $27,750,000. Epoch Investment Partners Inc. purchased a new position in shares of The Liberty SiriusXM Group in the third quarter valued at about $10,310,000. Laurion Capital Management LP raised its stake in shares of The Liberty SiriusXM Group by 3,493.9% during the third quarter. Laurion Capital Management LP now owns 401,580 shares of the technology company's stock valued at $10,220,000 after acquiring an additional 390,406 shares during the last quarter. Finally, Clifford Capital Partners LLC grew its stake in shares of The Liberty SiriusXM Group by 68.0% in the third quarter. Clifford Capital Partners LLC now owns 521,259 shares of the technology company's stock worth $13,266,000 after purchasing an additional 211,026 shares during the last quarter. 28.72% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
LSXMA has been the subject of several research analyst reports. Seaport Res Ptn upgraded The Liberty SiriusXM Group from a "neutral" rating to a "buy" rating in a report on Monday, April 29th. Citigroup lowered The Liberty SiriusXM Group from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $35.00 to $28.00 in a research note on Wednesday, April 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.67.
Read Our Latest Analysis on The Liberty SiriusXM Group
Insider Buying and Selling
In related news, major shareholder Berkshire Hathaway Inc purchased 234,194 shares of the stock in a transaction dated Monday, March 4th. The stock was purchased at an average price of $28.77 per share, with a total value of $6,737,761.38. Following the transaction, the insider now directly owns 48,733,666 shares in the company, valued at $1,402,067,570.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired a total of 6,457,501 shares of company stock worth $179,148,132 in the last three months.
The Liberty SiriusXM Group Stock Performance
Shares of LSXMA stock remained flat at $24.99 during midday trading on Thursday. The company's stock had a trading volume of 487,640 shares, compared to its average volume of 1,597,706. The Liberty SiriusXM Group has a 1 year low of $22.01 and a 1 year high of $31.69. The company has a 50-day simple moving average of $27.22 and a 200 day simple moving average of $27.92.
The Liberty SiriusXM Group (NASDAQ:LSXMA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The firm had revenue of $2.29 billion during the quarter. Sell-side analysts forecast that The Liberty SiriusXM Group will post 2.12 earnings per share for the current year.
The Liberty SiriusXM Group Profile
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Free Report)
The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. 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 SXM App for mobile and home devices, and other consumer electronic equipment.
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