Rhumbline Advisers Sells 27,681 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Rhumbline Advisers lessened its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 13.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,286 shares of the technology company’s stock after selling 27,681 shares during the quarter. Rhumbline Advisers owned about 0.06% of The Liberty SiriusXM Group worth $4,106,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LSXMK. Wealth Enhancement Advisory Services LLC grew its position in The Liberty SiriusXM Group by 0.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after acquiring an additional 421 shares during the last quarter. Atlas Capital Advisors LLC lifted its position in The Liberty SiriusXM Group by 5.2% during the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after buying an additional 435 shares during the period. Treasurer of the State of North Carolina raised its position in shares of The Liberty SiriusXM Group by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock worth $1,960,000 after purchasing an additional 660 shares during the last quarter. Mather Group LLC. raised its position in shares of 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 last quarter. Finally, Rehmann Capital Advisory Group raised its position in shares of The Liberty SiriusXM Group by 6.6% in the 1st quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock worth $472,000 after purchasing an additional 981 shares during the last quarter. Institutional investors own 56.58% of the company’s stock.

The Liberty SiriusXM Group Trading Down 1.2 %

NASDAQ LSXMK opened at $22.29 on Tuesday. The stock has a market cap of $7.28 billion and a PE ratio of 9.17. The Liberty SiriusXM Group has a twelve month low of $20.05 and a twelve month high of $31.67. The stock has a fifty day simple moving average of $22.53 and a 200-day simple moving average of $24.09.

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

Analyst Ratings Changes

Several research firms recently weighed in on LSXMK. StockNews.com downgraded The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a research report on Tuesday, September 10th. Rosenblatt Securities dropped their price objective on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

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.