Bank of New York Mellon Corp Acquires 89,711 Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

Bank of New York Mellon Corp grew its holdings in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 31.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 373,066 shares of the technology company’s stock after purchasing an additional 89,711 shares during the quarter. Bank of New York Mellon Corp owned about 0.12% of Liberty Sirius XM Group Series A worth $12,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in LSXMA. US Bancorp DE lifted its position in shares of Liberty Sirius XM Group Series A by 45.5% in the 1st quarter. US Bancorp DE now owns 2,549 shares of the technology company’s stock worth $80,000 after acquiring an additional 797 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Liberty Sirius XM Group Series A by 322.9% during the second quarter. Rockefeller Capital Management L.P. now owns 2,728 shares of the technology company’s stock worth $94,000 after purchasing an additional 2,083 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in shares of Liberty Sirius XM Group Series A by 15.1% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,045 shares of the technology company’s stock worth $105,000 after purchasing an additional 400 shares during the period. Marshall Wace LLP grew its stake in shares of Liberty Sirius XM Group Series A by 58.8% during the first quarter. Marshall Wace LLP now owns 3,197 shares of the technology company’s stock worth $122,000 after purchasing an additional 1,184 shares during the period. Finally, Advisor Group Holdings Inc. acquired a new stake in shares of Liberty Sirius XM Group Series A during the first quarter worth $124,000. Institutional investors and hedge funds own 26.96% of the company’s stock.

In other news, CAO Brian J. Wendling sold 1,030 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $35.60, for a total transaction of $36,668.00. Also, major shareholder John C. Malone sold 500,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $36.21, for a total transaction of $18,105,000.00. In the last three months, insiders sold 502,930 shares of company stock worth $18,209,612.

LSXMA stock opened at $34.97 on Wednesday. The business’s 50-day moving average price is $35.61 and its two-hundred day moving average price is $34.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.68. The firm has a market cap of $12.01 billion, a PE ratio of 30.95 and a beta of 1.23. Liberty Sirius XM Group Series A has a 1-year low of $22.54 and a 1-year high of $51.11.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its earnings results on Monday, August 10th. The technology company reported ($0.27) earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. Liberty Sirius XM Group Series A had a return on equity of 1.78% and a net margin of 4.96%.

A number of equities research analysts recently commented on LSXMA shares. Credit Suisse Group lifted their price objective on Liberty Sirius XM Group Series A from $33.00 to $37.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Benchmark lifted their price objective on Liberty Sirius XM Group Series A from $47.00 to $50.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Liberty Sirius XM Group Series A currently has a consensus rating of “Hold” and an average target price of $45.20.

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 streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

Featured Story: What are the risks of holding treasury bonds?

Want to see what other hedge funds are holding LSXMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Sirius XM Group Series A (NASDAQ:LSXMA).

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