Prudential Financial Inc. Decreases Holdings in Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

Prudential Financial Inc. lessened its stake in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 2.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,023 shares of the technology company’s stock after selling 3,162 shares during the period. Prudential Financial Inc.’s holdings in Liberty Sirius XM Group Series A were worth $5,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cove Street Capital LLC increased its holdings in Liberty Sirius XM Group Series A by 51.7% during the first quarter. Cove Street Capital LLC now owns 277,174 shares of the technology company’s stock worth $10,583,000 after buying an additional 94,407 shares during the last quarter. Neuburgh Advisers LLC boosted its position in Liberty Sirius XM Group Series A by 148.4% during the first quarter. Neuburgh Advisers LLC now owns 95,920 shares of the technology company’s stock worth $3,662,000 after purchasing an additional 57,310 shares during the period. Gamco Investors INC. ET AL boosted its position in Liberty Sirius XM Group Series A by 1.1% during the second quarter. Gamco Investors INC. ET AL now owns 728,396 shares of the technology company’s stock worth $27,541,000 after purchasing an additional 7,752 shares during the period. W.G. Shaheen & Associates DBA Whitney & Co boosted its position in Liberty Sirius XM Group Series A by 1.4% during the second quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 117,638 shares of the technology company’s stock worth $4,448,000 after purchasing an additional 1,642 shares during the period. Finally, Cardan Capital Partners LLC boosted its position in Liberty Sirius XM Group Series A by 8.3% during the second quarter. Cardan Capital Partners LLC now owns 32,474 shares of the technology company’s stock worth $1,228,000 after purchasing an additional 2,502 shares during the period. Institutional investors and hedge funds own 27.33% of the company’s stock.

NASDAQ:LSXMA traded down $0.11 on Thursday, reaching $42.15. 53,700 shares of the company’s stock were exchanged, compared to its average volume of 545,872. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market cap of $13.42 billion, a price-to-earnings ratio of 20.97 and a beta of 1.19. Liberty Sirius XM Group Series A has a 52 week low of $34.92 and a 52 week high of $47.54. The stock has a fifty day simple moving average of $40.58 and a 200-day simple moving average of $39.28.

In other news, insider Albert E. Rosenthaler sold 3,398 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $28.22, for a total value of $95,891.56. Following the completion of the transaction, the insider now directly owns 9,990 shares in the company, valued at $281,917.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

A number of equities analysts have weighed in on the stock. Pivotal Research reiterated a “buy” rating and set a $67.00 target price on shares of Liberty Sirius XM Group Series A in a research report on Sunday, August 11th. Zacks Investment Research lowered shares of Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 14th. Finally, Deutsche Bank increased their target price on shares of Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $59.00.

Liberty Sirius XM Group Series A Company Profile

The Liberty SiriusXM Group, through its subsidiary, Sirius XM Holdings Inc, transmits music, sports, entertainment, comedy, talk, news, traffic, and weather channels in the United States and Canada. The company also provides infotainment services; and streaming services through applications for mobile and home devices, and other consumer electronic equipment, as well as online.

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Institutional Ownership by Quarter for Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

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