The Liberty SiriusXM Group (NASDAQ:LSXMA) Position Reduced by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) by 20.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,680 shares of the technology company’s stock after selling 13,072 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in The Liberty SiriusXM Group were worth $2,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Baupost Group LLC MA increased its holdings in shares of The Liberty SiriusXM Group by 13.1% in the 4th quarter. Baupost Group LLC MA now owns 4,975,000 shares of the technology company’s stock worth $252,979,000 after acquiring an additional 575,000 shares during the period. Epoch Investment Partners Inc. increased its holdings in shares of The Liberty SiriusXM Group by 30.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 2,245,136 shares of the technology company’s stock worth $114,165,000 after acquiring an additional 522,457 shares during the period. State Street Corp increased its holdings in shares of The Liberty SiriusXM Group by 2.3% in the 4th quarter. State Street Corp now owns 2,199,560 shares of the technology company’s stock worth $111,848,000 after acquiring an additional 49,626 shares during the period. Adage Capital Partners GP L.L.C. increased its holdings in shares of The Liberty SiriusXM Group by 18.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,900,000 shares of the technology company’s stock worth $96,615,000 after acquiring an additional 300,000 shares during the period. Finally, Segantii Capital Management Ltd increased its holdings in shares of The Liberty SiriusXM Group by 211.0% in the 1st quarter. Segantii Capital Management Ltd now owns 1,499,891 shares of the technology company’s stock worth $68,560,000 after acquiring an additional 1,017,583 shares during the period. 28.89% of the stock is owned by institutional investors and hedge funds.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA opened at $40.35 on Wednesday. The Liberty SiriusXM Group has a one year low of $34.40 and a one year high of $56.26. The company has a 50-day moving average of $38.11 and a two-hundred day moving average of $42.94. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 15.28 and a beta of 1.14. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81.

The Liberty SiriusXM Group (NASDAQ:LSXMAGet Rating) last announced its earnings results on Friday, May 6th. The technology company reported $0.82 EPS for the quarter. The Liberty SiriusXM Group had a net margin of 10.18% and a return on equity of 4.80%. The company had revenue of $2.19 billion during the quarter.

Insider Activity

In related news, major shareholder Gamco Investors, Inc. Et Al purchased 2,000 shares of the stock in a transaction dated Monday, June 27th. The shares were acquired at an average cost of $25.00 per share, for a total transaction of $50,000.00. Following the acquisition, the insider now directly owns 12,000 shares in the company, valued at approximately $300,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 3,500 shares of company stock worth $89,180 in the last ninety days.

Analyst Ratings Changes

A number of research firms recently weighed in on LSXMA. Barclays dropped their price objective on shares of The Liberty SiriusXM Group from $64.00 to $58.00 and set a “maintains” rating on the stock in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Liberty SiriusXM Group from $79.00 to $76.00 in a research note on Tuesday, May 10th. Finally, Citigroup raised their target price on shares of The Liberty SiriusXM Group from $53.00 to $59.00 in a research note on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.60.

The Liberty SiriusXM Group Profile

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The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMA)

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