Seizert Capital Partners LLC trimmed its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,012,899 shares of the technology company's stock after selling 153,063 shares during the quarter. The Liberty SiriusXM Group accounts for about 2.9% of Seizert Capital Partners LLC's holdings, making the stock its 7th largest position. Seizert Capital Partners LLC owned about 0.62% of The Liberty SiriusXM Group worth $57,931,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its holdings in The Liberty SiriusXM Group by 3.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 719,709 shares of the technology company's stock valued at $18,324,000 after purchasing an additional 21,150 shares during the period. Levin Capital Strategies L.P. bought a new position in The Liberty SiriusXM Group in the 3rd quarter worth about $255,000. Teacher Retirement System of Texas increased its stake in The Liberty SiriusXM Group by 729.4% in the 3rd quarter. Teacher Retirement System of Texas now owns 239,407 shares of the technology company's stock worth $6,095,000 after acquiring an additional 210,541 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of The Liberty SiriusXM Group by 8.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,709 shares of the technology company's stock valued at $222,000 after acquiring an additional 700 shares in the last quarter. Finally, Simplex Trading LLC boosted its position in shares of The Liberty SiriusXM Group by 102.8% during the 3rd quarter. Simplex Trading LLC now owns 27,926 shares of the technology company's stock valued at $710,000 after acquiring an additional 14,156 shares during the last quarter. Hedge funds and other institutional investors own 56.58% of the company's stock.
The Liberty SiriusXM Group Stock Down 1.1 %
Shares of NASDAQ:LSXMK traded down $0.27 on Friday, hitting $24.69. The company had a trading volume of 984,261 shares, compared to its average volume of 1,921,576. The Liberty SiriusXM Group has a 1 year low of $22.24 and a 1 year high of $31.67. The firm's 50-day simple moving average is $27.08 and its two-hundred day simple moving average is $27.93. The firm has a market capitalization of $8.06 billion and a price-to-earnings ratio of 10.16.
The Liberty SiriusXM Group (NASDAQ:LSXMK - Get Free Report) last announced its earnings results on Wednesday, February 28th. The technology company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.01. The firm had revenue of $2.29 billion during the quarter. Equities research analysts anticipate that The Liberty SiriusXM Group will post 3.52 EPS for the current year.
Insiders Place Their Bets
In related news, major shareholder Berkshire Hathaway Inc acquired 20,609 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, March 11th. The stock was bought at an average price of $29.94 per share, with a total value of $617,033.46. Following the transaction, the insider now directly owns 25,773,955 shares in the company, valued at $771,672,212.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have acquired 6,457,501 shares of company stock worth $179,148,132. 12.47% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on LSXMK shares. StockNews.com upgraded The Liberty SiriusXM Group from a "sell" rating to a "hold" rating in a research report on Wednesday, March 6th. Seaport Res Ptn raised The Liberty SiriusXM Group from a "neutral" rating to a "buy" rating in a report on Monday, April 29th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $36.00.
View Our Latest Report on LSXMK
The Liberty SiriusXM Group Profile
(
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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