Hosking Partners LLP Reduces Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Hosking Partners LLP cut its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,399 shares of the technology company’s stock after selling 3,097 shares during the period. Hosking Partners LLP’s holdings in The Liberty SiriusXM Group were worth $496,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LSXMA. Treasurer of the State of North Carolina grew its position in The Liberty SiriusXM Group by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 32,939 shares of the technology company’s stock worth $947,000 after acquiring an additional 330 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in The Liberty SiriusXM Group by 1.6% in the first quarter. Commonwealth Equity Services LLC now owns 40,795 shares of the technology company’s stock worth $1,212,000 after buying an additional 651 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in The Liberty SiriusXM Group in the first quarter worth $29,000. Jump Financial LLC boosted its stake in The Liberty SiriusXM Group by 12.7% during the fourth quarter. Jump Financial LLC now owns 10,816 shares of the technology company’s stock worth $311,000 after buying an additional 1,216 shares during the period. Finally, Beach Investment Counsel Inc. PA purchased a new stake in shares of The Liberty SiriusXM Group in the second quarter valued at $30,000. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

The Liberty SiriusXM Group Trading Up 0.1 %

Shares of The Liberty SiriusXM Group stock traded up $0.03 on Thursday, hitting $23.42. 613,109 shares of the company traded hands, compared to its average volume of 1,443,438. The Liberty SiriusXM Group has a 52 week low of $20.13 and a 52 week high of $31.69. The company has a market cap of $7.65 billion and a PE ratio of 9.64. The stock’s 50 day moving average price is $22.38 and its 200-day moving average price is $24.82.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc sold 52,911 shares of The Liberty SiriusXM Group stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $34.06, for a total value of $1,802,148.66. Following the completion of the sale, the insider now directly owns 4,999,007 shares in the company, valued at $170,266,178.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.