Levin Capital Strategies L.P. Has $2.052 Million Position in Liberty Sirius XM Group (LSXMK)

Levin Capital Strategies L.P. lowered its stake in shares of Liberty Sirius XM Group (NASDAQ:LSXMK) by 32.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,902 shares of the technology company’s stock after selling 24,913 shares during the period. Levin Capital Strategies L.P.’s holdings in Liberty Sirius XM Group were worth $2,052,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LSXMK. First Quadrant L P CA increased its position in shares of Liberty Sirius XM Group by 174.8% in the first quarter. First Quadrant L P CA now owns 3,004 shares of the technology company’s stock valued at $116,000 after buying an additional 1,911 shares in the last quarter. Mn Services Vermogensbeheer B.V. increased its position in shares of Liberty Sirius XM Group by 7.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 5,359 shares of the technology company’s stock valued at $194,000 after buying an additional 373 shares in the last quarter. Breton Hill Capital Ltd. purchased a new position in shares of Liberty Sirius XM Group during the first quarter valued at about $209,000. Daiwa Securities Group Inc. increased its position in shares of Liberty Sirius XM Group by 14.3% in the first quarter. Daiwa Securities Group Inc. now owns 5,600 shares of the technology company’s stock valued at $217,000 after buying an additional 700 shares in the last quarter. Finally, Wrapmanager Inc. purchased a new position in shares of Liberty Sirius XM Group during the fourth quarter valued at about $211,000. 76.87% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Liberty Sirius XM Group (NASDAQ:LSXMK)

Shares of Liberty Sirius XM Group (NASDAQ:LSXMK) traded up 1.61% during trading on Friday, reaching $38.41. 1,033,864 shares of the company traded hands. The company has a 50-day moving average of $38.25 and a 200-day moving average of $36.58. The stock has a market capitalization of $12.88 billion and a PE ratio of 29.32. Liberty Sirius XM Group has a 12 month low of $28.48 and a 12 month high of $41.23.

Liberty Sirius XM Group (NASDAQ:LSXMK) last posted its quarterly earnings data on Tuesday, February 28th. The technology company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.02. The firm had revenue of $1.30 billion for the quarter. Analysts forecast that Liberty Sirius XM Group will post $1.54 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on the stock. Morgan Stanley downgraded shares of Liberty Sirius XM Group from an “overweight” rating to an “equal weight” rating and set a $39.00 price target for the company. in a report on Monday, January 23rd. Zacks Investment Research downgraded shares of Liberty Sirius XM Group from a “hold” rating to a “strong sell” rating in a report on Thursday, January 26th.

In other news, major shareholder Berkshire Hathaway Inc acquired 3,875,011 shares of the business’s stock in a transaction that occurred on Monday, April 24th. The stock was acquired at an average price of $39.95 per share, with a total value of $154,806,689.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Liberty Sirius XM Group Company Profile

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

12 Month Chart for NASDAQ:LSXMK

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