Principal Financial Group Inc. Lowers Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Principal Financial Group Inc. reduced its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,968 shares of the technology company’s stock after selling 1,874 shares during the period. Principal Financial Group Inc.’s holdings in The Liberty SiriusXM Group were worth $243,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. boosted its stake in The Liberty SiriusXM Group by 100.5% in the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock worth $37,000 after purchasing an additional 839 shares during the period. Motco boosted its stake in The Liberty SiriusXM Group by 172,300.0% in the 1st quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,723 shares during the period. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group in the 4th quarter worth approximately $66,000. UniSuper Management Pty Ltd raised its holdings in shares of The Liberty SiriusXM Group by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,100 shares in the last quarter. Finally, TFO Wealth Partners LLC raised its holdings in shares of The Liberty SiriusXM Group by 43,283.3% during the 4th quarter. TFO Wealth Partners LLC now owns 2,603 shares of the technology company’s stock worth $75,000 after acquiring an additional 2,597 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LSXMK has been the topic of several recent research reports. StockNews.com cut The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Rosenblatt Securities decreased their price objective on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMK opened at $22.29 on Monday. The stock’s fifty day moving average is $22.54 and its 200 day moving average is $24.14. The firm has a market capitalization of $7.28 billion and a PE ratio of 9.17. The Liberty SiriusXM Group has a fifty-two week low of $20.05 and a fifty-two week high of $31.67.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter. The business had revenue of $2.18 billion during the quarter.

The Liberty SiriusXM Group Company Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. 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 SXM App for mobile and home devices, and other consumer electronic equipment.