The Liberty SiriusXM Group (NASDAQ:LSXMK) Stake Reduced by Maverick Capital Ltd.

Maverick Capital Ltd. reduced its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) by 86.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,208 shares of the technology company’s stock after selling 14,025 shares during the period. Maverick Capital Ltd.’s holdings in The Liberty SiriusXM Group were worth $112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in LSXMK. Baupost Group LLC MA grew its stake in shares of The Liberty SiriusXM Group by 40.1% in the third quarter. Baupost Group LLC MA now owns 9,084,867 shares of the technology company’s stock worth $431,259,000 after purchasing an additional 2,600,000 shares in the last quarter. Senator Investment Group LP bought a new position in shares of The Liberty SiriusXM Group in the third quarter worth $47,707,000. Acadian Asset Management LLC grew its stake in shares of The Liberty SiriusXM Group by 105.4% in the fourth quarter. Acadian Asset Management LLC now owns 1,368,322 shares of the technology company’s stock worth $69,548,000 after purchasing an additional 702,098 shares in the last quarter. Laurion Capital Management LP grew its stake in shares of The Liberty SiriusXM Group by 62.1% in the third quarter. Laurion Capital Management LP now owns 1,793,961 shares of the technology company’s stock worth $85,159,000 after purchasing an additional 687,510 shares in the last quarter. Finally, Foxhaven Asset Management LP boosted its stake in The Liberty SiriusXM Group by 63.8% during the third quarter. Foxhaven Asset Management LP now owns 1,405,975 shares of the technology company’s stock valued at $66,742,000 after buying an additional 547,544 shares in the last quarter. 82.05% of the stock is owned by institutional investors.

Shares of The Liberty SiriusXM Group stock opened at $41.15 on Friday. The stock has a 50-day moving average price of $43.18 and a 200 day moving average price of $47.10. The company has a market cap of $9.27 billion, a P/E ratio of 15.59, a P/E/G ratio of 0.47 and a beta of 1.13. The Liberty SiriusXM Group has a 1 year low of $37.51 and a 1 year high of $56.19.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last issued its earnings results on Friday, February 25th. The technology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.70). The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.27 billion. Research analysts forecast that The Liberty SiriusXM Group will post 2.89 earnings per share for the current year.

Several brokerages have recently commented on LSXMK. Morgan Stanley upped their target price on The Liberty SiriusXM Group from $56.00 to $57.00 and gave the company an “equal weight” rating in a report on Wednesday, April 20th. StockNews.com began coverage on The Liberty SiriusXM Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Rosenblatt Securities began coverage on The Liberty SiriusXM Group in a report on Tuesday, April 19th. They set a “buy” rating and a $87.00 target price for the company. Finally, Zacks Investment Research downgraded The Liberty SiriusXM Group from a “hold” rating to a “strong sell” rating in a report on Saturday, April 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $68.75.

In other news, major shareholder Gamco Investors, Inc. Et Al bought 1,000 shares of the company’s stock in a transaction on Thursday, May 5th. The shares were bought at an average cost of $26.05 per share, with a total value of $26,050.00. Following the transaction, the insider now directly owns 17,500 shares in the company, valued at approximately $455,875. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders acquired 12,000 shares of company stock worth $328,850.

About The Liberty SiriusXM Group (Get Rating)

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States and Canada. 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 applications for mobile and home devices, and other consumer electronic equipment.

Further Reading

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Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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