Liberty Sirius XM Group Series C (NASDAQ:LSXMK) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC cut its position in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) by 58.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,463 shares of the technology company’s stock after selling 127,969 shares during the quarter. AQR Capital Management LLC’s holdings in Liberty Sirius XM Group Series C were worth $2,860,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Liberty Sirius XM Group Series C in the fourth quarter valued at $71,581,000. APG Asset Management N.V. grew its stake in shares of Liberty Sirius XM Group Series C by 51.3% in the first quarter. APG Asset Management N.V. now owns 227,340 shares of the technology company’s stock valued at $7,188,000 after buying an additional 77,100 shares in the last quarter. Korea Investment CORP acquired a new position in Liberty Sirius XM Group Series C during the 1st quarter worth $1,281,000. Nomura Asset Management Co. Ltd. grew its stake in Liberty Sirius XM Group Series C by 12.1% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 30,201 shares of the technology company’s stock worth $955,000 after purchasing an additional 3,266 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Liberty Sirius XM Group Series C by 152.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 8,055 shares of the technology company’s stock worth $255,000 after purchasing an additional 4,868 shares in the last quarter. 79.35% of the stock is owned by institutional investors and hedge funds.

LSXMK has been the subject of several analyst reports. Pivotal Research reissued a “buy” rating and set a $63.00 target price on shares of Liberty Sirius XM Group Series C in a research note on Tuesday, March 31st. Zacks Investment Research cut Liberty Sirius XM Group Series C from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their price target on Liberty Sirius XM Group Series C from $39.30 to $45.00 and gave the stock an “overweight” rating in a report on Monday, June 15th.

Liberty Sirius XM Group Series C stock opened at $34.45 on Wednesday. Liberty Sirius XM Group Series C has a fifty-two week low of $23.01 and a fifty-two week high of $51.36. The company has a market capitalization of $6.78 billion, a P/E ratio of 17.94, a PEG ratio of 1.44 and a beta of 1.31. The stock has a 50-day simple moving average of $34.83 and a 200-day simple moving average of $39.84.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last posted its quarterly earnings data on Thursday, May 7th. The technology company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company had revenue of $1.95 billion for the quarter. Sell-side analysts forecast that Liberty Sirius XM Group Series C will post 1.83 earnings per share for the current year.

In other Liberty Sirius XM Group Series C news, major shareholder Berkshire Hathaway Inc bought 450,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were bought at an average price of $38.43 per share, for a total transaction of $17,293,500.00. Insiders have acquired a total of 4,841,130 shares of company stock worth $172,052,755 in the last quarter.

Liberty Sirius XM Group Series C 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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series C (NASDAQ:LSXMK)

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