November 10, 2019 at 6:42 pm

Sumitomo Mitsui Trust Holdings Inc. Lowers Holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 358,033 shares of the technology company’s stock after selling 4,900 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Liberty Sirius XM Group Series A were worth $14,883,000 at the end of the most recent quarter.

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A number of other institutional investors and hedge funds have also bought and sold shares of LSXMA. Marshall Wace LLP grew its holdings in Liberty Sirius XM Group Series A by 58.8% in the 1st quarter. Marshall Wace LLP now owns 3,197 shares of the technology company’s stock valued at $122,000 after buying an additional 1,184 shares during the period. Xact Kapitalforvaltning AB grew its holdings in shares of Liberty Sirius XM Group Series A by 37.6% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 18,214 shares of the technology company’s stock worth $689,000 after purchasing an additional 4,981 shares during the period. Alpine Global Management LLC grew its holdings in shares of Liberty Sirius XM Group Series A by 43.5% during the 2nd quarter. Alpine Global Management LLC now owns 259,677 shares of the technology company’s stock worth $9,818,000 after purchasing an additional 78,677 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Liberty Sirius XM Group Series A during the 2nd quarter worth about $393,000. Finally, Oregon Public Employees Retirement Fund grew its holdings in shares of Liberty Sirius XM Group Series A by 23.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,740 shares of the technology company’s stock worth $822,000 after purchasing an additional 4,200 shares during the period. Institutional investors own 27.33% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 14th. Benchmark assumed coverage on Liberty Sirius XM Group Series A in a report on Wednesday, October 9th. They set a “buy” rating and a $60.00 target price for the company. Pivotal Research reiterated a “buy” rating and set a $67.00 target price on shares of Liberty Sirius XM Group Series A in a report on Sunday, August 11th. Citigroup boosted their target price on Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, September 23rd. Finally, Deutsche Bank boosted their target price on Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the stock a “buy” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $58.20.

Shares of NASDAQ:LSXMA opened at $46.21 on Friday. Liberty Sirius XM Group Series A has a 1 year low of $34.92 and a 1 year high of $46.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $14.62 billion, a P/E ratio of 22.99 and a beta of 1.20. The stock has a 50-day simple moving average of $42.93 and a 200-day simple moving average of $40.10.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.52 earnings per share for the quarter. Liberty Sirius XM Group Series A had a return on equity of 2.40% and a net margin of 8.06%. The business had revenue of $1.98 billion during the quarter.

In other news, SVP Brian J. Wendling sold 14,533 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $38.47, for a total value of $559,084.51. Also, insider Albert E. Rosenthaler sold 3,398 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $28.22, for a total value of $95,891.56. Following the transaction, the insider now owns 9,990 shares of the company’s stock, valued at $281,917.80. The disclosure for this sale can be found here.

About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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