The Liberty SiriusXM Group (NASDAQ:LSXMK) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 11.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 42,891 shares of the technology company’s stock after buying an additional 4,502 shares during the period. Victory Capital Management Inc.’s holdings in The Liberty SiriusXM Group were worth $950,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LSXMK. Norges Bank bought a new position in shares of The Liberty SiriusXM Group in the fourth quarter valued at approximately $60,012,000. Vanguard Group Inc. lifted its position in The Liberty SiriusXM Group by 11.2% in the first quarter. Vanguard Group Inc. now owns 15,405,871 shares of the technology company’s stock worth $457,708,000 after purchasing an additional 1,554,904 shares during the period. Boussard & Gavaudan Investment Management LLP bought a new position in The Liberty SiriusXM Group during the 4th quarter valued at $34,834,000. Cadian Capital Management LP increased its position in shares of The Liberty SiriusXM Group by 39.4% during the 4th quarter. Cadian Capital Management LP now owns 1,751,008 shares of the technology company’s stock valued at $50,394,000 after purchasing an additional 495,000 shares during the period. Finally, Doma Perpetual Capital Management LLC bought a new stake in shares of The Liberty SiriusXM Group in the 4th quarter worth $12,701,000. 56.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LSXMK shares. Rosenblatt Securities decreased their target price on 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. StockNews.com initiated coverage on shares of The Liberty SiriusXM Group in a report on Thursday. They issued a “sell” rating for the company.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMK opened at $22.29 on Friday. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The business’s fifty day moving average is $22.49 and its two-hundred day moving average is $23.98. The stock has a market capitalization of $7.28 billion and a P/E ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last announced its 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 for the quarter.

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.