Daiwa Securities Group Inc. Sells 7,383 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Daiwa Securities Group Inc. decreased its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 67.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,485 shares of the technology company’s stock after selling 7,383 shares during the period. Daiwa Securities Group Inc.’s holdings in The Liberty SiriusXM Group were worth $77,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. raised its stake in shares of The Liberty SiriusXM Group by 100.5% during the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after acquiring an additional 839 shares during the last quarter. Quest Partners LLC bought a new position in The Liberty SiriusXM Group during the second quarter worth $42,000. Motco raised its stake in The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock worth $51,000 after buying an additional 1,723 shares during the last quarter. Principal Securities Inc. bought a new position in The Liberty SiriusXM Group during the fourth quarter worth $66,000. Finally, UniSuper Management Pty Ltd raised its stake in The Liberty SiriusXM Group by 91.7% during the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after buying an additional 1,100 shares during the last quarter. Institutional investors own 56.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. StockNews.com downgraded shares of The Liberty SiriusXM Group from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Rosenblatt Securities lowered their target price on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th.

The Liberty SiriusXM Group Trading Down 1.2 %

NASDAQ:LSXMK opened at $22.29 on Wednesday. The stock has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The firm has a fifty day simple moving average of $22.52 and a two-hundred day simple moving average of $24.05. The Liberty SiriusXM Group has a 12 month low of $20.05 and a 12 month high of $31.67.

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

The Liberty SiriusXM Group 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.