Liberty Sirius XM Group Series A (LSXMA) Stake Lowered by Mad River Investors

Mad River Investors lessened its holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 0.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 64,491 shares of the technology company’s stock after selling 564 shares during the quarter. Liberty Sirius XM Group Series A comprises about 2.2% of Mad River Investors’ investment portfolio, making the stock its 11th largest position. Mad River Investors’ holdings in Liberty Sirius XM Group Series A were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Oregon Public Employees Retirement Fund bought a new position in Liberty Sirius XM Group Series A during the fourth quarter valued at about $556,000. Boston Advisors LLC bought a new position in Liberty Sirius XM Group Series A during the fourth quarter valued at about $368,000. Private Capital Advisors Inc. bought a new position in Liberty Sirius XM Group Series A during the first quarter valued at about $204,000. PGGM Investments raised its holdings in Liberty Sirius XM Group Series A by 30.8% during the first quarter. PGGM Investments now owns 127,374 shares of the technology company’s stock valued at $4,871,000 after buying an additional 30,000 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its stake in shares of Liberty Sirius XM Group Series A by 12.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 599,959 shares of the technology company’s stock worth $22,078,000 after purchasing an additional 65,938 shares during the period. 27.87% of the stock is owned by institutional investors and hedge funds.

In related news, insider Richard N. Baer sold 19,988 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $41.51, for a total transaction of $829,701.88. The sale was disclosed in a document filed with the SEC, which is available through this link.



Liberty Sirius XM Group Series A stock opened at $38.81 on Tuesday. The stock has a market capitalization of $12.80 billion, a PE ratio of 19.31 and a beta of 1.19. Liberty Sirius XM Group Series A has a 52 week low of $34.92 and a 52 week high of $48.57.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last posted its quarterly earnings data on Thursday, February 28th. The technology company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.04). The firm had revenue of $1.50 billion during the quarter. On average, research analysts predict that Liberty Sirius XM Group Series A will post 2.42 EPS for the current fiscal year.

A number of equities analysts have recently commented on LSXMA shares. Zacks Investment Research upgraded Liberty Sirius XM Group Series A from a “sell” rating to a “hold” rating in a research note on Friday, February 1st. Pivotal Research reiterated a “buy” rating and issued a $60.00 price objective on shares of Liberty Sirius XM Group Series A in a research note on Sunday. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Liberty Sirius XM Group Series A has an average rating of “Buy” and a consensus target price of $57.57.

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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.

Read More: Understanding Analyst Recommendations

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)

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