StockNews.com initiated coverage on shares of The Liberty SiriusXM Group (NASDAQ:LSXMK – Free Report) in a report released on Thursday morning. The brokerage issued a sell rating on the technology company’s stock.
Separately, Rosenblatt Securities cut their price target on shares of 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.
Read Our Latest Report on LSXMK
The Liberty SiriusXM Group Trading Down 1.2 %
The Liberty SiriusXM Group (NASDAQ:LSXMK – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter. The company had revenue of $2.18 billion for the quarter.
Hedge Funds Weigh In On The Liberty SiriusXM Group
A number of hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. increased its holdings in The Liberty SiriusXM Group by 100.5% during 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 increased its stake in shares of The Liberty SiriusXM Group by 172,300.0% during the first quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after buying an additional 1,723 shares during the period. Quest Partners LLC bought a new stake in shares of The Liberty SiriusXM Group in the second quarter valued at about $42,000. Principal Securities Inc. purchased a new stake in The Liberty SiriusXM Group in the fourth quarter worth about $66,000. Finally, UniSuper Management Pty Ltd grew its holdings in 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. 56.58% of the stock is currently owned by institutional investors.
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.
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