Levin Capital Strategies L.P. cut its position in Liberty Sirius XM Group (NASDAQ:LSXMK) by 32.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,902 shares of the technology company’s stock after selling 24,913 shares during the period. Levin Capital Strategies L.P.’s holdings in Liberty Sirius XM Group were worth $2,052,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Liberty Sirius XM Group during the fourth quarter worth approximately $41,636,000. Bain Capital Public Equity Management LLC bought a new position in Liberty Sirius XM Group during the fourth quarter worth approximately $26,135,000. Thompson Siegel & Walmsley LLC boosted its position in Liberty Sirius XM Group by 28.2% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,083,289 shares of the technology company’s stock worth $70,666,000 after buying an additional 458,024 shares during the period. State of Wisconsin Investment Board boosted its position in Liberty Sirius XM Group by 424.6% in the first quarter. State of Wisconsin Investment Board now owns 524,754 shares of the technology company’s stock worth $20,350,000 after buying an additional 424,726 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in Liberty Sirius XM Group by 673.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 369,802 shares of the technology company’s stock worth $12,544,000 after buying an additional 322,008 shares during the period. 76.87% of the stock is owned by hedge funds and other institutional investors.
Liberty Sirius XM Group (NASDAQ:LSXMK) traded up 1.61% on Friday, hitting $38.41. 1,033,864 shares of the stock were exchanged. Liberty Sirius XM Group has a 52-week low of $28.48 and a 52-week high of $41.23. The company has a 50-day moving average price of $38.25 and a 200-day moving average price of $36.58. The firm has a market cap of $12.88 billion and a PE ratio of 29.32.
Liberty Sirius XM Group (NASDAQ:LSXMK) last issued its quarterly earnings data on Tuesday, February 28th. The technology company reported $0.35 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The business had revenue of $1.30 billion for the quarter. On average, equities research analysts anticipate that Liberty Sirius XM Group will post $1.54 EPS for the current fiscal year.
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LSXMK has been the subject of a number of research reports. Zacks Investment Research raised shares of Liberty Sirius XM Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 28th. Morgan Stanley cut shares of Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating and set a $39.00 target price for the company. in a report on Monday, January 23rd.
In other Liberty Sirius XM Group news, major shareholder Berkshire Hathaway Inc acquired 1,867,530 shares of the business’s stock in a transaction dated Wednesday, May 17th. The stock was bought at an average price of $36.44 per share, with a total value of $68,052,793.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
About Liberty Sirius XM Group
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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