Algert Global LLC Takes Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Algert Global LLC bought a new stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) in the 2nd quarter, Holdings Channel reports. The fund bought 13,213 shares of the technology company’s stock, valued at approximately $293,000.

A number of other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in The Liberty SiriusXM Group by 0.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 421 shares in the last quarter. Atlas Capital Advisors LLC increased its stake in shares of The Liberty SiriusXM Group by 5.2% in the first quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock worth $260,000 after buying an additional 435 shares during the last quarter. Mather Group LLC. raised its holdings in The Liberty SiriusXM Group by 100.5% in 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 in the last quarter. Rehmann Capital Advisory Group raised its holdings in The Liberty SiriusXM Group by 6.6% in the first quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock valued at $472,000 after acquiring an additional 981 shares in the last quarter. 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 owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Rosenblatt Securities cut their target price on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. StockNews.com started coverage on The Liberty SiriusXM Group in a research note on Sunday. They set a “sell” rating on the stock.

The Liberty SiriusXM Group Price Performance

The Liberty SiriusXM Group stock opened at $22.29 on Wednesday. The Liberty SiriusXM Group has a 12 month low of $20.05 and a 12 month high of $31.67. The company has a fifty day moving average price of $22.37 and a two-hundred day moving average price of $23.30. The company has a market cap of $7.28 billion and a PE ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its quarterly earnings results 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 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.