BNP Paribas Arbitrage SA Sells 60,882 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

BNP Paribas Arbitrage SA reduced its stake in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 5.9% during the second quarter, HoldingsChannel.com reports. The firm owned 972,698 shares of the technology company’s stock after selling 60,882 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in The Liberty SiriusXM Group were worth $45,123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LSXMK. Dimensional Fund Advisors LP raised its stake in The Liberty SiriusXM Group by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,938,968 shares of the technology company’s stock valued at $84,360,000 after purchasing an additional 34,878 shares during the period. IFM Investors Pty Ltd grew its position in shares of The Liberty SiriusXM Group by 2.7% in the 1st quarter. IFM Investors Pty Ltd now owns 17,265 shares of the technology company’s stock worth $762,000 after buying an additional 446 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in The Liberty SiriusXM Group during the 1st quarter worth approximately $2,713,000. Standard Life Aberdeen plc lifted its stake in The Liberty SiriusXM Group by 10.8% during the 1st quarter. Standard Life Aberdeen plc now owns 55,231 shares of the technology company’s stock valued at $2,439,000 after acquiring an additional 5,383 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of The Liberty SiriusXM Group by 175.8% in the 1st quarter. Alliancebernstein L.P. now owns 283,708 shares of the technology company’s stock valued at $12,514,000 after purchasing an additional 180,828 shares during the period. Institutional investors own 82.89% of the company’s stock.

Several analysts have recently commented on LSXMK shares. Morgan Stanley lifted their price target on shares of The Liberty SiriusXM Group from $58.00 to $61.00 and gave the company an “overweight” rating in a research report on Wednesday, July 28th. Zacks Investment Research upgraded The Liberty SiriusXM Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 28th.

Shares of NASDAQ LSXMK opened at $47.75 on Wednesday. The Liberty SiriusXM Group has a twelve month low of $31.54 and a twelve month high of $50.39. The company has a market capitalization of $10.75 billion, a price-to-earnings ratio of -29.12 and a beta of 1.25. The firm has a 50-day moving average of $47.43 and a two-hundred day moving average of $45.64.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last released its earnings results on Friday, August 6th. The technology company reported $1.00 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.64. The firm had revenue of $2.16 billion for the quarter. On average, sell-side analysts anticipate that The Liberty SiriusXM Group will post 1.05 EPS for the current year.

The Liberty SiriusXM Group Company Profile

Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1, and Corporate and Other. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora.

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

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