The Liberty SiriusXM Group (NASDAQ:LSXMA) Position Lowered by Nuveen Asset Management LLC

Nuveen Asset Management LLC decreased its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 197,195 shares of the technology company’s stock after selling 17,043 shares during the period. Nuveen Asset Management LLC’s holdings in The Liberty SiriusXM Group were worth $7,507,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of LSXMA. Bessemer Group Inc. lifted its position in shares of The Liberty SiriusXM Group by 338.7% during the third quarter. Bessemer Group Inc. now owns 658 shares of the technology company’s stock worth $25,000 after purchasing an additional 508 shares during the last quarter. Pecaut & CO. bought a new position in The Liberty SiriusXM Group in the third quarter worth about $38,000. Wipfli Financial Advisors LLC bought a new position in The Liberty SiriusXM Group in the third quarter worth about $39,000. Quadrant Capital Group LLC lifted its holdings in The Liberty SiriusXM Group by 446.6% in the second quarter. Quadrant Capital Group LLC now owns 1,547 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,264 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new position in The Liberty SiriusXM Group in the third quarter worth about $58,000. Institutional investors own 29.67% of the company’s stock.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ:LSXMA opened at $27.54 on Friday. The firm’s 50 day moving average is $36.61 and its two-hundred day moving average is $39.61. The Liberty SiriusXM Group has a 52 week low of $27.03 and a 52 week high of $46.87. The firm has a market capitalization of $8.99 billion, a P/E ratio of 7.55 and a beta of 1.12. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.78.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The technology company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.55 by $0.22. The Liberty SiriusXM Group had a net margin of 14.35% and a return on equity of 6.99%. The company had revenue of $2.28 billion for the quarter.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LSXMA shares. Credit Suisse Group reissued an “outperform” rating and issued a $39.00 target price on shares of The Liberty SiriusXM Group in a report on Thursday. Benchmark cut their target price on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Finally, Citigroup dropped their price target on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating on the stock in a research note on Monday, March 6th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, The Liberty SiriusXM Group currently has an average rating of “Buy” and an average price target of $61.57.

Insider Activity at The Liberty SiriusXM Group

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 7,200 shares of the stock in a transaction that occurred on Wednesday, December 28th. The shares were acquired at an average price of $32.58 per share, for a total transaction of $234,576.00. Following the completion of the purchase, the insider now directly owns 20,000 shares of the company’s stock, valued at $651,600. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other The Liberty SiriusXM Group news, major shareholder Gamco Investors, Inc. Et Al purchased 7,200 shares of the firm’s stock in a transaction on Wednesday, December 28th. The shares were purchased at an average price of $32.58 per share, for a total transaction of $234,576.00. Following the completion of the transaction, the insider now owns 20,000 shares in the company, valued at approximately $651,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John C. Malone sold 119,680 shares of The Liberty SiriusXM Group stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $74.59, for a total transaction of $8,926,931.20. Following the completion of the transaction, the chairman now owns 3,550,381 shares in the company, valued at approximately $264,822,918.79. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 8,200 shares of company stock worth $267,200 and have sold 406,897 shares worth $30,376,669. Company insiders own 4.02% of the company’s stock.

The Liberty SiriusXM Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.