Renaissance Technologies LLC Decreases Stake in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Renaissance Technologies LLC cut its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 60.9% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 135,600 shares of the technology company’s stock after selling 210,900 shares during the period. Renaissance Technologies LLC’s holdings in The Liberty SiriusXM Group were worth $3,005,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of 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 buying an additional 421 shares during the period. Atlas Capital Advisors LLC increased its stake in shares of 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 boosted its position in shares of The Liberty SiriusXM Group by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 660 shares in the last quarter. Mather Group LLC. boosted its position 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 purchasing an additional 839 shares in the last quarter. Finally, Rehmann Capital Advisory Group boosted its position in shares of The Liberty SiriusXM Group by 6.6% during the first quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock valued at $472,000 after purchasing an additional 981 shares in the last quarter. 56.58% of the stock is owned by hedge funds and other institutional investors.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ:LSXMK opened at $22.29 on Tuesday. The company has a market cap of $7.28 billion and a P/E ratio of 9.17. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The stock’s fifty day moving average price is $22.42 and its 200-day moving average price is $23.64.

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

Analyst Upgrades and Downgrades

LSXMK has been the topic of several research reports. StockNews.com initiated coverage on The Liberty SiriusXM Group in a research report on Friday. They set a “sell” rating on the stock. Rosenblatt Securities dropped their price target on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th.

About The Liberty SiriusXM Group

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.