Caisse DE Depot ET Placement DU Quebec raised its position in shares of Liberty Sirius XM Group (NASDAQ:LSXMK) by 60.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 93,400 shares of the technology company’s stock after purchasing an additional 35,100 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in Liberty Sirius XM Group were worth $3,704,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LSXMK. Virtu Financial LLC purchased a new stake in Liberty Sirius XM Group during the fourth quarter valued at about $208,000. Raymond James Financial Services Advisors Inc. purchased a new stake in Liberty Sirius XM Group during the third quarter valued at about $222,000. Wealthstreet Investment Advisors LLC purchased a new stake in Liberty Sirius XM Group during the fourth quarter valued at about $255,000. Prudential Financial Inc. purchased a new stake in Liberty Sirius XM Group during the third quarter valued at about $300,000. Finally, Toronto Dominion Bank raised its position in Liberty Sirius XM Group by 243.8% during the third quarter. Toronto Dominion Bank now owns 7,537 shares of the technology company’s stock valued at $316,000 after purchasing an additional 5,345 shares in the last quarter. Institutional investors and hedge funds own 80.13% of the company’s stock.
Several research analysts have recently commented on LSXMK shares. Zacks Investment Research upgraded Liberty Sirius XM Group from a “hold” rating to a “strong-buy” rating and set a $46.00 price objective on the stock in a report on Thursday, January 11th. Morgan Stanley lifted their price objective on Liberty Sirius XM Group from $44.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, February 5th.
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About Liberty Sirius XM Group
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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