Sterling Capital Management LLC Invests $708,000 in Liberty Sirius XM Group (NASDAQ:LSXMA)

Sterling Capital Management LLC bought a new stake in shares of Liberty Sirius XM Group (NASDAQ:LSXMA) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 16,890 shares of the technology company’s stock, valued at approximately $708,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. California Public Employees Retirement System boosted its position in Liberty Sirius XM Group by 3.9% in the 3rd quarter. California Public Employees Retirement System now owns 400,318 shares of the technology company’s stock valued at $16,773,000 after buying an additional 15,018 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Liberty Sirius XM Group by 115.6% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,920,600 shares of the technology company’s stock worth $80,473,000 after purchasing an additional 1,029,720 shares during the period. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Liberty Sirius XM Group by 38.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 170,837 shares of the technology company’s stock worth $7,157,000 after purchasing an additional 47,372 shares during the period. Gruss Capital Management LP lifted its position in shares of Liberty Sirius XM Group by 18.9% in the 3rd quarter. Gruss Capital Management LP now owns 1,163,500 shares of the technology company’s stock worth $48,751,000 after purchasing an additional 185,000 shares during the period. Finally, Cowen Inc. lifted its position in shares of Liberty Sirius XM Group by 48.2% in the 3rd quarter. Cowen Inc. now owns 206,369 shares of the technology company’s stock worth $8,647,000 after purchasing an additional 67,082 shares during the period. Institutional investors own 25.06% of the company’s stock.

In other news, Director Malcolm Ian Grant Gilchrist sold 3,841 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $39.61, for a total value of $152,142.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John C. Malone sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $43.28, for a total transaction of $779,040.00. The disclosure for this sale can be found here.

Liberty Sirius XM Group (LSXMA) traded down $0.04 during trading hours on Friday, hitting $41.06. 326,531 shares of the stock traded hands, compared to its average volume of 519,444. The stock has a market capitalization of $22,380.00 and a P/E ratio of 29.75. Liberty Sirius XM Group has a 12-month low of $34.44 and a 12-month high of $46.43.

A number of brokerages have issued reports on LSXMA. B. Riley restated a “buy” rating on shares of Liberty Sirius XM Group in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Pivotal Research increased their price objective on shares of Liberty Sirius XM Group from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Finally, Bank of America increased their price target on shares of Liberty Sirius XM Group from $46.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $50.80.

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Liberty Sirius XM Group Company Profile

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).

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

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