The Liberty SiriusXM Group (NASDAQ:LSXMA) Shares Sold by Virtu Financial LLC

Virtu Financial LLC trimmed its stake in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 16.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,514 shares of the technology company’s stock after selling 13,136 shares during the quarter. Virtu Financial LLC’s holdings in The Liberty SiriusXM Group were worth $1,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in shares of The Liberty SiriusXM Group in the 1st quarter worth about $29,000. Beach Investment Counsel Inc. PA purchased a new position in The Liberty SiriusXM Group in the second quarter valued at approximately $30,000. Daiwa Securities Group Inc. acquired a new position in The Liberty SiriusXM Group during the second quarter valued at approximately $35,000. TFO Wealth Partners LLC grew its stake in The Liberty SiriusXM Group by 70,150.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after buying an additional 1,403 shares during the period. Finally, Fidelis Capital Partners LLC purchased a new stake in The Liberty SiriusXM Group during the first quarter worth approximately $94,000. Institutional investors and hedge funds own 28.72% of the company’s stock.

Analysts Set New Price Targets

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

The Liberty SiriusXM Group Price Performance

The Liberty SiriusXM Group stock opened at $22.29 on Wednesday. The firm’s fifty day moving average price is $22.54 and its 200 day moving average price is $24.09. The company has a market capitalization of $7.28 billion and a price-to-earnings ratio of 9.17. The Liberty SiriusXM Group has a 12-month low of $20.13 and a 12-month high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last released its quarterly 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 company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.21 billion. Analysts forecast that The Liberty SiriusXM Group will post 2.49 earnings per share for the current fiscal year.

The Liberty SiriusXM Group Company 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.