Ground Swell Capital LLC Makes New $485,000 Investment in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Ground Swell Capital LLC bought a new position in The Liberty SiriusXM Group (NASDAQ:LSXMA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,878 shares of the technology company’s stock, valued at approximately $485,000. The Liberty SiriusXM Group makes up about 0.4% of Ground Swell Capital LLC’s portfolio, making the stock its 27th biggest position.

Other institutional investors have also made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in shares of The Liberty SiriusXM Group during the 1st quarter valued at about $29,000. Beach Investment Counsel Inc. PA bought a new position in shares of The Liberty SiriusXM Group during the second quarter valued at approximately $30,000. Daiwa Securities Group Inc. acquired a new stake in shares of The Liberty SiriusXM Group during the 2nd quarter worth approximately $35,000. TFO Wealth Partners LLC lifted its holdings in shares of The Liberty SiriusXM Group by 70,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,403 shares during the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in The Liberty SiriusXM Group during the 1st quarter valued at approximately $94,000. 28.72% of the stock is currently owned by institutional investors.

Insider Activity at The Liberty SiriusXM Group

In other news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of The Liberty SiriusXM Group stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $34.06, for a total transaction of $1,802,148.66. Following the transaction, the insider now directly owns 4,999,007 shares in the company, valued at approximately $170,266,178.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.09% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

Shares of LSXMA opened at $22.29 on Wednesday. The firm has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The stock’s fifty day moving average is $22.59 and its 200-day moving average is $24.34. The Liberty SiriusXM Group has a one year low of $20.13 and a one year high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Analysts forecast that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on LSXMA shares. Evercore ISI reaffirmed an “in-line” rating and issued a $27.00 target price (down from $36.00) on shares of The Liberty SiriusXM Group in a research report on Monday, June 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research report on Monday, June 17th. Finally, Benchmark reiterated a “buy” rating and issued a $54.00 price objective on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $35.13.

About The Liberty SiriusXM Group

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.