HRT Financial LP Purchases 49,834 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

HRT Financial LP lifted its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) by 181.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,333 shares of the technology company’s stock after purchasing an additional 49,834 shares during the period. HRT Financial LP’s holdings in The Liberty SiriusXM Group were worth $3,039,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Baupost Group LLC MA lifted its holdings in The Liberty SiriusXM Group by 4.8% in the third quarter. Baupost Group LLC MA now owns 7,677,656 shares of the technology company’s stock valued at $292,288,000 after buying an additional 352,802 shares during the period. Vanguard Group Inc. lifted its holdings in The Liberty SiriusXM Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 7,160,157 shares of the technology company’s stock valued at $327,290,000 after buying an additional 75,828 shares during the period. BlackRock Inc. lifted its holdings in The Liberty SiriusXM Group by 3.6% in the first quarter. BlackRock Inc. now owns 6,170,942 shares of the technology company’s stock valued at $282,074,000 after buying an additional 213,037 shares during the period. Aristeia Capital LLC lifted its holdings in The Liberty SiriusXM Group by 167.3% in the third quarter. Aristeia Capital LLC now owns 2,486,472 shares of the technology company’s stock valued at $94,660,000 after buying an additional 1,556,277 shares during the period. Finally, State Street Corp lifted its holdings in The Liberty SiriusXM Group by 4.0% in the third quarter. State Street Corp now owns 1,911,738 shares of the technology company’s stock valued at $72,780,000 after buying an additional 73,010 shares during the period. 29.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on LSXMA shares. Benchmark cut their price objective on shares of The Liberty SiriusXM Group from $72.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $39.00 target price on shares of The Liberty SiriusXM Group in a research note on Thursday, March 9th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of The Liberty SiriusXM Group from $67.00 to $58.00 in a research note on Thursday, March 16th. Citigroup lowered their target price on shares of The Liberty SiriusXM Group from $62.00 to $46.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Finally, Evercore ISI lowered their target price on shares of The Liberty SiriusXM Group from $46.00 to $43.00 and set an “outperform” rating for the company in a research note on Tuesday, March 28th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $57.00.

The Liberty SiriusXM Group Stock Down 1.6 %

Shares of LSXMA stock opened at $27.66 on Friday. The company has a market capitalization of $9.03 billion, a price-to-earnings ratio of 8.62 and a beta of 1.10. The Liberty SiriusXM Group has a 12-month low of $25.05 and a 12-month high of $45.26. The firm has a fifty day moving average of $27.96 and a 200-day moving average of $34.77. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 0.82.

The Liberty SiriusXM Group (NASDAQ:LSXMA – Get Rating) last released its earnings results on Friday, May 5th. The technology company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.27). The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.14 billion. The Liberty SiriusXM Group had a net margin of 13.25% and a return on equity of 6.33%. As a group, equities research analysts predict that The Liberty SiriusXM Group will post 3.43 earnings per share for the current fiscal year.

Insider Activity at The Liberty SiriusXM Group

In other The Liberty SiriusXM Group news, CAO Brian J. Wendling sold 3,137 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total value of $235,620.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, major shareholder Gamco Investors, Inc. Et Al purchased 700 shares of the business’s stock in a transaction on Monday, April 17th. The stock was purchased at an average price of $35.95 per share, for a total transaction of $25,165.00. Following the completion of the purchase, the insider now directly owns 22,000 shares in the company, valued at approximately $790,900. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian J. Wendling sold 3,137 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $75.11, for a total transaction of $235,620.07. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 51,200 shares of company stock valued at $1,376,825 and sold 432,401 shares valued at $32,257,898. 4.02% of the stock is owned by insiders.

The Liberty SiriusXM Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.