Mad River Investors trimmed its position in Liberty Sirius XM Group (NASDAQ:LSXMK) by 1.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 137,573 shares of the technology company’s stock after selling 2,664 shares during the period. Liberty Sirius XM Group comprises 6.0% of Mad River Investors’ investment portfolio, making the stock its 5th biggest position. Mad River Investors owned approximately 0.06% of Liberty Sirius XM Group worth $5,456,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LSXMK. WFG Advisors LP lifted its stake in shares of Liberty Sirius XM Group by 42.7% during the 2nd quarter. WFG Advisors LP now owns 2,779 shares of the technology company’s stock valued at $116,000 after buying an additional 832 shares in the last quarter. Korea Investment CORP purchased a new stake in shares of Liberty Sirius XM Group during the 3rd quarter valued at approximately $201,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Liberty Sirius XM Group during the 3rd quarter valued at approximately $222,000. Advisor Group Inc. lifted its stake in shares of Liberty Sirius XM Group by 7.9% during the 2nd quarter. Advisor Group Inc. now owns 6,033 shares of the technology company’s stock valued at $251,000 after buying an additional 441 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Liberty Sirius XM Group during the 3rd quarter valued at approximately $300,000. Hedge funds and other institutional investors own 77.18% of the company’s stock.
A number of analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Liberty Sirius XM Group from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. Morgan Stanley upped their target price on shares of Liberty Sirius XM Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th.
Liberty Sirius XM Group (LSXMK) traded up $0.07 during trading on Wednesday, reaching $40.98. 743,200 shares of the company were exchanged, compared to its average volume of 589,430. The company has a market cap of $9,145.89, a price-to-earnings ratio of 25.30, a PEG ratio of 0.80 and a beta of 2.26. Liberty Sirius XM Group has a twelve month low of $35.80 and a twelve month high of $46.24.
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Liberty Sirius XM Group 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).
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