Gabelli Funds LLC Cuts Stake in Liberty Sirius XM Group Series A (LSXMA)

Gabelli Funds LLC trimmed its position in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 254,300 shares of the technology company’s stock after selling 6,500 shares during the period. Gabelli Funds LLC owned approximately 0.08% of Liberty Sirius XM Group Series A worth $11,047,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Bank of Montreal Can bought a new stake in shares of Liberty Sirius XM Group Series A in the second quarter valued at about $161,000. First Hawaiian Bank bought a new stake in shares of Liberty Sirius XM Group Series A in the third quarter valued at about $184,000. People s United Financial Inc. bought a new stake in Liberty Sirius XM Group Series A during the second quarter worth about $208,000. Cohen Klingenstein LLC bought a new stake in Liberty Sirius XM Group Series A during the second quarter worth about $232,000. Finally, Signition LP bought a new stake in Liberty Sirius XM Group Series A during the third quarter worth about $241,000. Institutional investors own 26.57% of the company’s stock.

LSXMA opened at $40.63 on Friday. Liberty Sirius XM Group Series A has a 52-week low of $38.14 and a 52-week high of $48.57. The stock has a market cap of $13.69 billion, a P/E ratio of 11.32 and a beta of 1.50.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last released its earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.01). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.42 billion. On average, analysts expect that Liberty Sirius XM Group Series A will post 2.19 EPS for the current fiscal year.

Several research firms recently issued reports on LSXMA. B. Riley upped their target price on Liberty Sirius XM Group Series A to $75.00 and gave the stock a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Deutsche Bank upped their target price on Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, August 14th. Macquarie dropped their target price on Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a report on Tuesday, August 28th. Finally, Pivotal Research dropped their target price on Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, September 27th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $59.13.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 54,781 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $36.71, for a total value of $2,011,010.51. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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About Liberty Sirius XM Group Series A

The Liberty SiriusXM Group, through its subsidiary Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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