Virtu Financial LLC Grows Holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Virtu Financial LLC grew its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 82.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,556 shares of the technology company’s stock after acquiring an additional 48,608 shares during the period. Virtu Financial LLC’s holdings in The Liberty SiriusXM Group were worth $3,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LSXMA. Bluefin Capital Management LLC raised its stake in The Liberty SiriusXM Group by 70.0% during the fourth quarter. Bluefin Capital Management LLC now owns 30,241 shares of the technology company’s stock worth $868,000 after acquiring an additional 12,452 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of The Liberty SiriusXM Group by 7.8% in the 4th quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock worth $75,303,000 after purchasing an additional 190,608 shares during the last quarter. Cadian Capital Management LP lifted its holdings in shares of The Liberty SiriusXM Group by 35.2% in the 4th quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock worth $42,374,000 after purchasing an additional 384,000 shares during the last quarter. Wittenberg Investment Management Inc. boosted its position in The Liberty SiriusXM Group by 18.0% during the 4th quarter. Wittenberg Investment Management Inc. now owns 444,280 shares of the technology company’s stock valued at $12,769,000 after purchasing an additional 67,640 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in The Liberty SiriusXM Group by 10.1% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 213,006 shares of the technology company’s stock worth $6,122,000 after buying an additional 19,500 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup cut The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $35.00 to $28.00 in a report on Wednesday, April 24th. Seaport Res Ptn raised The Liberty SiriusXM Group from a “neutral” rating to a “buy” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Liberty SiriusXM Group has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

Insider Activity

In other news, major shareholder Berkshire Hathaway Inc acquired 333,916 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were purchased at an average cost of $28.92 per share, for a total transaction of $9,656,850.72. Following the transaction, the insider now owns 56,944,193 shares of the company’s stock, valued at $1,646,826,061.56. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other The Liberty SiriusXM Group news, major shareholder Berkshire Hathaway Inc bought 333,916 shares of the stock in a transaction on Thursday, March 21st. The stock was purchased at an average price of $28.92 per share, with a total value of $9,656,850.72. Following the acquisition, the insider now owns 56,944,193 shares of the company’s stock, valued at $1,646,826,061.56. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman John C. Malone sold 139,065 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $68.98, for a total value of $9,592,703.70. Following the completion of the transaction, the chairman now owns 2,401,365 shares in the company, valued at $165,646,157.70. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 4,492,894 shares of company stock worth $121,296,950 and sold 229,161 shares worth $15,947,127. 0.09% of the stock is currently owned by corporate insiders.

The Liberty SiriusXM Group Price Performance

Shares of The Liberty SiriusXM Group stock traded up $0.57 during midday trading on Friday, hitting $21.05. The company had a trading volume of 2,249,488 shares, compared to its average volume of 1,507,694. The stock has a market cap of $6.88 billion and a PE ratio of 8.66. The Liberty SiriusXM Group has a 1-year low of $20.13 and a 1-year high of $31.69. The business’s 50 day simple moving average is $23.82 and its two-hundred day simple moving average is $27.40.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings results on Wednesday, May 8th. The technology company reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.05). The company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. On average, sell-side analysts expect that The Liberty SiriusXM Group will post 2.53 EPS for the current fiscal year.

The Liberty SiriusXM Group Profile

The Liberty SiriusXM Group, through its subsidiaries, engages in the entertainment business in the United States, the United Kingdom, and internationally. It features music, sports, entertainment, comedy, talk, news, traffic, weather channels, podcast, and infotainment services through proprietary satellite radio systems, as well as streamed through SXM App for mobile and home devices, and other consumer electronic equipment.