Liberty Sirius XM Group Series A (LSXMA) Shares Bought by Prudential Financial Inc.

Prudential Financial Inc. increased its stake in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 14.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,737 shares of the technology company’s stock after purchasing an additional 19,950 shares during the period. Prudential Financial Inc.’s holdings in Liberty Sirius XM Group Series A were worth $6,982,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in Liberty Sirius XM Group Series A during the second quarter valued at approximately $161,000. First Hawaiian Bank bought a new position in Liberty Sirius XM Group Series A during the third quarter valued at approximately $184,000. People s United Financial Inc. bought a new position in Liberty Sirius XM Group Series A during the second quarter valued at approximately $208,000. Signition LP bought a new position in Liberty Sirius XM Group Series A during the third quarter valued at approximately $241,000. Finally, We Are One Seven LLC bought a new position in Liberty Sirius XM Group Series A during the third quarter valued at approximately $298,000. Institutional investors own 37.41% of the company’s stock.

Shares of Liberty Sirius XM Group Series A stock opened at $38.64 on Friday. Liberty Sirius XM Group Series A has a 52-week low of $37.00 and a 52-week high of $48.57. The company has a market capitalization of $12.80 billion, a PE ratio of 10.65 and a beta of 1.48.

In other news, CEO Gregory B. Maffei bought 10,000 shares of the business’s stock in a transaction dated Tuesday, December 4th. The shares were purchased at an average price of $30.12 per share, for a total transaction of $301,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series A from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Friday, August 24th. Deutsche Bank increased their price target on shares of Liberty Sirius XM Group Series A from $60.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, August 14th. B. Riley increased their price target on shares of Liberty Sirius XM Group Series A to $75.00 and gave the company a “buy” rating in a research report on Tuesday, September 4th. Macquarie reduced their price target on shares of Liberty Sirius XM Group Series A from $61.00 to $58.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 28th. Finally, Pivotal Research reduced their price target on shares of Liberty Sirius XM Group Series A from $66.00 to $62.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $59.13.

COPYRIGHT VIOLATION WARNING: “Liberty Sirius XM Group Series A (LSXMA) Shares Bought by Prudential Financial Inc.” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at https://www.americanbankingnews.com/2018/12/08/liberty-sirius-xm-group-series-a-lsxma-shares-bought-by-prudential-financial-inc.html.

Liberty Sirius XM Group Series A Profile

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.

Further Reading: What does the Dow Jones Industrial Average (DJIA) measure?

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

Receive News & Ratings for Liberty Sirius XM Group Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Sirius XM Group Series A and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply