2,576,333 Shares in The Liberty SiriusXM Group (NASDAQ:LSXMA) Bought by Point72 Asset Management L.P.
Point72 Asset Management L.P. purchased a new stake in The Liberty SiriusXM Group (NASDAQ:LSXMA – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,576,333 shares of the technology company’s stock, valued at approximately $84,529,000. Point72 Asset Management L.P. owned about 0.79% of The Liberty SiriusXM Group at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in The Liberty SiriusXM Group by 139.1% during the second quarter. JPMorgan Chase & Co. now owns 1,685,817 shares of the technology company’s stock worth $55,312,000 after purchasing an additional 980,687 shares during the period. Sculptor Capital LP grew its stake in The Liberty SiriusXM Group by 36.1% during the first quarter. Sculptor Capital LP now owns 3,230,683 shares of the technology company’s stock worth $90,750,000 after purchasing an additional 857,501 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in The Liberty SiriusXM Group by 178.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,223,493 shares of the technology company’s stock worth $34,368,000 after purchasing an additional 784,793 shares during the period. Baupost Group LLC MA grew its stake in The Liberty SiriusXM Group by 13.0% during the first quarter. Baupost Group LLC MA now owns 5,619,936 shares of the technology company’s stock worth $256,887,000 after purchasing an additional 644,936 shares during the period. Finally, Norges Bank acquired a new stake in The Liberty SiriusXM Group during the fourth quarter worth approximately $21,652,000. Institutional investors own 0.40% of the company’s stock.
The Liberty SiriusXM Group Stock Up 1.4 %
LSXMA traded up $0.38 during midday trading on Tuesday, hitting $27.02. The stock had a trading volume of 2,567,802 shares, compared to its average volume of 935,900. The business has a fifty day moving average of $25.68 and a 200 day moving average of $27.04. The Liberty SiriusXM Group has a 1 year low of $22.01 and a 1 year high of $28.03.
The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Free Report) last issued its earnings results on Friday, November 3rd. The technology company reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.28 billion. On average, analysts forecast that The Liberty SiriusXM Group will post 3.44 earnings per share for the current fiscal year.
Insider Buying and Selling at The Liberty SiriusXM Group
In other The Liberty SiriusXM Group news, Director Malcolm Ian Grant Gilchrist sold 3,258 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $65.07, for a total transaction of $211,998.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Citigroup cut their price target on The Liberty SiriusXM Group from $33.79 to $32.00 in a report on Thursday, August 17th. Benchmark reiterated a “buy” rating and set a $38.00 price target on shares of The Liberty SiriusXM Group in a report on Wednesday, September 27th. Finally, TheStreet upgraded The Liberty SiriusXM Group from a “d+” rating to a “c-” rating in a report on Thursday, September 28th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $39.80.
Read Our Latest Research Report on The Liberty SiriusXM Group
About The Liberty SiriusXM Group (Free Report)
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.
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