Liberty Sirius XM Group (LSXMA) Position Boosted by Comerica Bank
Comerica Bank increased its stake in shares of Liberty Sirius XM Group (NASDAQ:LSXMA) by 14.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,253 shares of the technology company’s stock after buying an additional 3,264 shares during the period. Comerica Bank’s holdings in Liberty Sirius XM Group were worth $899,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of LSXMA. Raffles Associates LP purchased a new stake in shares of Liberty Sirius XM Group during the third quarter worth about $607,000. Mark Asset Management Corp purchased a new stake in shares of Liberty Sirius XM Group during the third quarter worth about $2,447,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Liberty Sirius XM Group during the third quarter worth about $1,009,000. Private Management Group Inc. purchased a new stake in shares of Liberty Sirius XM Group during the third quarter worth about $211,000. Finally, HighTower Advisors LLC raised its stake in shares of Liberty Sirius XM Group by 13.0% in the third quarter. HighTower Advisors LLC now owns 36,386 shares of the technology company’s stock worth $1,235,000 after buying an additional 4,195 shares during the period. Hedge funds and other institutional investors own 24.44% of the company’s stock.
Shares of Liberty Sirius XM Group (NASDAQ:LSXMA) traded up 2.72% on Monday, reaching $40.79. 2,076,865 shares of the company were exchanged. The company’s 50-day moving average is $38.98 and its 200-day moving average is $36.25. Liberty Sirius XM Group has a 52 week low of $29.26 and a 52 week high of $40.97. The company has a market capitalization of $13.66 billion and a price-to-earnings ratio of 33.08.
Liberty Sirius XM Group (NASDAQ:LSXMA) last issued its earnings results on Tuesday, February 28th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. On average, equities analysts expect that Liberty Sirius XM Group will post $1.80 EPS for the current fiscal year.
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A number of brokerages have issued reports on LSXMA. Pivotal Research reissued a “buy” rating and issued a $51.00 price target on shares of Liberty Sirius XM Group in a report on Sunday, April 9th. Zacks Investment Research raised shares of Liberty Sirius XM Group from a “sell” rating to a “hold” rating in a research note on Friday, March 31st. FBR & Co reaffirmed a “buy” rating and set a $48.00 target price on shares of Liberty Sirius XM Group in a research note on Monday, February 13th. Citigroup Inc reaffirmed a “neutral” rating and set a $40.00 target price (up previously from $37.00) on shares of Liberty Sirius XM Group in a research note on Saturday, March 11th. Finally, Morgan Stanley lowered shares of Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 23rd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $42.68.
In other Liberty Sirius XM Group news, CFO Mark D. Carleton sold 35,946 shares of the stock in a transaction dated Friday, March 24th. The shares were sold at an average price of $33.00, for a total transaction of $1,186,218.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
About Liberty Sirius XM Group
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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