Alps Advisors Inc. Acquires 24,409 Shares of Liberty Sirius XM Group Series A (LSXMA)

Alps Advisors Inc. raised its holdings in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 23.9% in the 2nd quarter, Holdings Channel reports. The fund owned 126,550 shares of the technology company’s stock after purchasing an additional 24,409 shares during the quarter. Alps Advisors Inc.’s holdings in Liberty Sirius XM Group Series A were worth $5,701,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. First Personal Financial Services raised its position in shares of Liberty Sirius XM Group Series A by 3,414.9% during the 1st quarter. First Personal Financial Services now owns 3,058 shares of the technology company’s stock valued at $126,000 after acquiring an additional 2,971 shares during the last quarter. Blair William & Co. IL bought a new stake in shares of Liberty Sirius XM Group Series A during the 1st quarter valued at $136,000. Bank of Montreal Can acquired a new position in shares of Liberty Sirius XM Group Series A in the 2nd quarter valued at $161,000. Cohen Klingenstein LLC acquired a new position in shares of Liberty Sirius XM Group Series A in the 2nd quarter valued at $232,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of Liberty Sirius XM Group Series A in the 1st quarter valued at $295,000. Institutional investors own 25.79% of the company’s stock.

Shares of NASDAQ LSXMA opened at $46.25 on Wednesday. The firm has a market capitalization of $15.57 billion, a P/E ratio of 13.97 and a beta of 1.99. Liberty Sirius XM Group Series A has a 1-year low of $38.61 and a 1-year high of $48.57.



Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last announced its earnings results on Wednesday, August 8th. The technology company reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.01). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.42 billion. analysts predict that Liberty Sirius XM Group Series A will post 2.12 earnings per share for the current year.

In other Liberty Sirius XM Group Series A news, CFO Mark D. Carleton sold 27,783 shares of the business’s stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $45.94, for a total transaction of $1,276,351.02. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David E. Rapley sold 6,827 shares of the business’s stock in a transaction dated Wednesday, June 6th. The stock was sold at an average price of $46.28, for a total transaction of $315,953.56. The disclosure for this sale can be found here.

Several brokerages have recently issued reports on LSXMA. Deutsche Bank boosted 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 report on Tuesday. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series A from a “hold” rating to a “sell” rating in a report on Wednesday, August 1st. Barclays lowered shares of Liberty Sirius XM Group Series A from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $50.00 to $43.00 in a report on Tuesday, June 26th. Pivotal Research lowered shares of Liberty Sirius XM Group Series A from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. Finally, Buckingham Research upped their target price on shares of Liberty Sirius XM Group Series A to $59.00 and gave the stock a “buy” rating in a research note on Monday, May 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. Liberty Sirius XM Group Series A presently has an average rating of “Buy” and a consensus target price of $55.56.

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.

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

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