Quantitative Systematic Strategies LLC Buys 11,886 Shares of Liberty Sirius XM Group (LSXMA)
Quantitative Systematic Strategies LLC increased its position in shares of Liberty Sirius XM Group (NASDAQ:LSXMA) by 35.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,206 shares of the technology company’s stock after buying an additional 11,886 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Liberty Sirius XM Group were worth $1,759,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of LSXMA. Pacad Investment Ltd. bought a new position in Liberty Sirius XM Group during the fourth quarter worth $131,000. Macquarie Group Ltd. raised its position in Liberty Sirius XM Group by 249.8% in the fourth quarter. Macquarie Group Ltd. now owns 4,600 shares of the technology company’s stock worth $159,000 after buying an additional 3,285 shares in the last quarter. Cohen Klingenstein LLC bought a new position in Liberty Sirius XM Group during the first quarter worth $200,000. Gateway Investment Advisers LLC bought a new position in Liberty Sirius XM Group during the first quarter worth $214,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Liberty Sirius XM Group during the first quarter worth $217,000. Institutional investors own 24.44% of the company’s stock.
Liberty Sirius XM Group (NASDAQ:LSXMA) traded up 1.64% during mid-day trading on Thursday, reaching $39.08. The company’s stock had a trading volume of 586,813 shares. The firm has a market cap of $13.09 billion and a PE ratio of 31.70. The company has a 50-day moving average price of $38.98 and a 200-day moving average price of $36.18. Liberty Sirius XM Group has a 12-month low of $29.26 and a 12-month high of $40.18.
Liberty Sirius XM Group (NASDAQ:LSXMA) last issued its quarterly earnings results on Tuesday, February 28th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. The business earned $1.30 billion during the quarter, compared to analysts’ expectations of $1.29 billion. On average, equities research analysts expect that Liberty Sirius XM Group will post $1.80 earnings per share for the current year.
A number of research firms have recently weighed in on LSXMA. FBR & Co restated a “buy” rating and issued a $48.00 target price on shares of Liberty Sirius XM Group in a report on Monday, February 13th. Zacks Investment Research lowered Liberty Sirius XM Group from a “hold” rating to a “sell” rating in a report on Friday, February 17th. Pivotal Research reiterated a “buy” rating and set a $51.00 price target on shares of Liberty Sirius XM Group in a report on Sunday, April 9th. Morgan Stanley lowered Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating in a report on Monday, January 23rd. Finally, Citigroup Inc reiterated a “neutral” rating and set a $40.00 price target (up from $37.00) on shares of Liberty Sirius XM Group in a report on Saturday, March 11th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.68.
In other Liberty Sirius XM Group news, CFO Mark D. Carleton sold 35,946 shares of the stock in a transaction on Friday, March 24th. The stock was sold at an average price of $33.00, for a total value of $1,186,218.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Liberty Sirius XM Group Company 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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