Teacher Retirement System of Texas Sells 17,397 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Teacher Retirement System of Texas reduced its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) by 16.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 85,453 shares of the technology company’s stock after selling 17,397 shares during the quarter. Teacher Retirement System of Texas’ holdings in The Liberty SiriusXM Group were worth $3,222,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LSXMK. Private Trust Co. NA bought a new position in shares of The Liberty SiriusXM Group during the 2nd quarter valued at approximately $29,000. Ellevest Inc. lifted its position in The Liberty SiriusXM Group by 192.1% in the third quarter. Ellevest Inc. now owns 1,177 shares of the technology company’s stock worth $44,000 after buying an additional 774 shares during the last quarter. CWM LLC lifted its position in The Liberty SiriusXM Group by 16.5% in the third quarter. CWM LLC now owns 1,711 shares of the technology company’s stock worth $65,000 after buying an additional 242 shares during the last quarter. Quantbot Technologies LP bought a new stake in The Liberty SiriusXM Group in the second quarter worth $90,000. Finally, MetLife Investment Management LLC bought a new stake in The Liberty SiriusXM Group in the first quarter worth $146,000. 55.23% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Trading Down 0.1 %

Shares of The Liberty SiriusXM Group stock opened at $39.96 on Wednesday. The firm has a market cap of $13.05 billion, a P/E ratio of 14.91, a P/E/G ratio of 0.28 and a beta of 1.13. The Liberty SiriusXM Group has a 12 month low of $34.34 and a 12 month high of $52.43. The stock’s fifty day moving average price is $40.93 and its 200-day moving average price is $40.82.

The Liberty SiriusXM Group (NASDAQ:LSXMKGet Rating) last announced its quarterly earnings results on Friday, November 4th. The technology company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.06). The firm had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.28 billion. Analysts forecast that The Liberty SiriusXM Group will post 3.82 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on LSXMK shares. Morgan Stanley lowered their price target on The Liberty SiriusXM Group from $47.00 to $41.00 and set an “equal weight” rating for the company in a research report on Monday, November 7th. StockNews.com assumed coverage on The Liberty SiriusXM Group in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Rosenblatt Securities reduced their target price on The Liberty SiriusXM Group from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Monday, November 7th.

Insider Activity at The Liberty SiriusXM Group

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of the company’s stock in a transaction that occurred on Friday, December 23rd. The shares were bought at an average price of $32.58 per share, with a total value of $26,064.00. Following the completion of the transaction, the insider now directly owns 12,800 shares in the company, valued at $417,024. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other The Liberty SiriusXM Group news, Director Malcolm Ian Grant Gilchrist sold 916 shares of the firm’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $59.09, for a total value of $54,126.44. Following the completion of the sale, the director now owns 3,940 shares of the company’s stock, valued at $232,814.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of the stock in a transaction on Friday, December 23rd. The stock was acquired at an average cost of $32.58 per share, with a total value of $26,064.00. Following the acquisition, the insider now owns 12,800 shares of the company’s stock, valued at approximately $417,024. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 8,200 shares of company stock valued at $267,200 and have sold 28,335 shares valued at $1,286,901. 12.47% of the stock is owned by corporate insiders.

The Liberty SiriusXM Group Company Profile

(Get Rating)

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.

See Also

Institutional Ownership by Quarter for The Liberty SiriusXM Group (NASDAQ:LSXMK)

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