abrdn plc Sells 14,680 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Posted by MarketBeat News on Aug 4th, 2022

abrdn plc lowered its position in The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 69.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,444 shares of the technology company’s stock after selling 14,680 shares during the quarter. abrdn plc’s holdings in The Liberty SiriusXM Group were worth $298,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allegheny Financial Group LTD bought a new position in The Liberty SiriusXM Group in the fourth quarter worth approximately $25,000. CWM LLC bought a new position in The Liberty SiriusXM Group in the fourth quarter worth approximately $35,000. Rosenberg Matthew Hamilton bought a new position in The Liberty SiriusXM Group in the first quarter worth approximately $56,000. Advisor Group Holdings Inc. boosted its position in The Liberty SiriusXM Group by 13.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 4,547 shares of the technology company’s stock valued at $232,000 after acquiring an additional 545 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in The Liberty SiriusXM Group by 11.4% during the 4th quarter. Westpac Banking Corp now owns 5,346 shares of the technology company’s stock valued at $272,000 after acquiring an additional 547 shares in the last quarter. Institutional investors own 28.89% of the company’s stock.

Analysts Set New Price Targets

LSXMA has been the topic of several recent research reports. Citigroup increased their target price on The Liberty SiriusXM Group from $53.00 to $59.00 in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft dropped their target price on The Liberty SiriusXM Group from $79.00 to $76.00 in a research report on Tuesday, May 10th. Finally, Barclays dropped their target price on The Liberty SiriusXM Group from $64.00 to $58.00 and set a “maintains” rating on the stock in a research report on Friday, July 29th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.60.

Insider Buying and Selling

In other news, major shareholder Gamco Investors, Inc. Et Al bought 2,000 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, June 27th. The stock was bought at an average price of $25.00 per share, for a total transaction of $50,000.00. Following the purchase, the insider now directly owns 12,000 shares of the company’s stock, valued at approximately $300,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA opened at $41.17 on Thursday. The Liberty SiriusXM Group has a 12 month low of $34.40 and a 12 month high of $56.26. The stock has a fifty day moving average price of $38.11 and a 200-day moving average price of $42.93. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm has a market cap of $13.69 billion, a PE ratio of 15.59 and a beta of 1.14.

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

The Liberty SiriusXM Group Company 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.