Citigroup Inc. Sells 6,810 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Citigroup Inc. trimmed its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) by 6.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 94,808 shares of the technology company’s stock after selling 6,810 shares during the quarter. Citigroup Inc.’s holdings in The Liberty SiriusXM Group were worth $3,710,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. HighTower Advisors LLC raised its position in shares of The Liberty SiriusXM Group by 25.0% in the fourth quarter. HighTower Advisors LLC now owns 19,599 shares of the technology company’s stock valued at $766,000 after buying an additional 3,925 shares in the last quarter. Prudential PLC raised its holdings in The Liberty SiriusXM Group by 10.5% in the 4th quarter. Prudential PLC now owns 36,689 shares of the technology company’s stock valued at $1,436,000 after acquiring an additional 3,481 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of The Liberty SiriusXM Group during the 4th quarter valued at $1,270,000. UBS Group AG lifted its position in shares of The Liberty SiriusXM Group by 9.9% during the 4th quarter. UBS Group AG now owns 591,950 shares of the technology company’s stock valued at $23,163,000 after acquiring an additional 53,354 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of The Liberty SiriusXM Group by 4.3% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 36,414 shares of the technology company’s stock worth $1,425,000 after purchasing an additional 1,500 shares during the period. Institutional investors and hedge funds own 55.23% of the company’s stock.

Insider Activity at The Liberty SiriusXM Group

In other news, Chairman John C. Malone sold 285,320 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $74.95, for a total value of $21,384,734.00. Following the completion of the transaction, the chairman now owns 3,670,061 shares of the company’s stock, valued at $275,071,071.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other The Liberty SiriusXM Group news, Chairman John C. Malone sold 285,320 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $74.95, for a total transaction of $21,384,734.00. Following the sale, the chairman now directly owns 3,670,061 shares of the company’s stock, valued at approximately $275,071,071.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al purchased 700 shares of the company’s stock in a transaction dated Monday, April 17th. The shares were acquired at an average cost of $35.95 per share, with a total value of $25,165.00. Following the purchase, the insider now directly owns 22,000 shares of the company’s stock, valued at approximately $790,900. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 51,200 shares of company stock valued at $1,376,825 and have sold 432,401 shares valued at $32,257,898. 12.47% of the stock is currently owned by company insiders.

The Liberty SiriusXM Group Trading Down 1.8 %

Shares of NASDAQ LSXMK opened at $28.07 on Monday. The stock has a 50-day moving average price of $27.75 and a two-hundred day moving average price of $34.94. The Liberty SiriusXM Group has a 12 month low of $25.02 and a 12 month high of $45.20. The company has a market cap of $9.17 billion, a price-to-earnings ratio of 8.74 and a beta of 1.11.

The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The technology company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.12). The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.16 billion. On average, sell-side analysts predict that The Liberty SiriusXM Group will post 3.12 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LSXMK shares. Pivotal Research cut their price objective on shares of The Liberty SiriusXM Group from $44.00 to $36.00 in a research report on Tuesday, May 9th. StockNews.com began coverage on shares of The Liberty SiriusXM Group in a research report on Thursday. They set a “hold” rating on the stock. Finally, Morgan Stanley lowered their price objective on shares of The Liberty SiriusXM Group from $41.00 to $32.00 and set an “equal weight” rating for the company in a research report on Thursday, April 13th.

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.