Duality Advisers LP Reduces Stake in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Duality Advisers LP lowered its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 36.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,010 shares of the technology company’s stock after selling 9,125 shares during the quarter. Duality Advisers LP’s holdings in The Liberty SiriusXM Group were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of The Liberty SiriusXM Group by 46.6% in the 3rd quarter. Vanguard Group Inc. now owns 10,744,552 shares of the technology company’s stock valued at $273,449,000 after acquiring an additional 3,416,321 shares during the last quarter. Aristeia Capital LLC grew its stake in The Liberty SiriusXM Group by 5.0% during the 3rd quarter. Aristeia Capital LLC now owns 3,314,144 shares of the technology company’s stock worth $84,345,000 after buying an additional 157,677 shares during the last quarter. Cadian Capital Management LP purchased a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $27,750,000. Segantii Capital Management Ltd purchased a new position in The Liberty SiriusXM Group during the 3rd quarter worth approximately $19,088,000. Finally, One Fin Capital Management LP grew its stake in The Liberty SiriusXM Group by 38.9% during the 3rd quarter. One Fin Capital Management LP now owns 632,000 shares of the technology company’s stock worth $16,084,000 after buying an additional 177,000 shares during the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMA opened at $24.53 on Friday. The Liberty SiriusXM Group has a 52-week low of $22.01 and a 52-week high of $31.69. The stock’s 50 day moving average price is $28.22 and its 200 day moving average price is $27.97.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings data on Wednesday, February 28th. The technology company reported $0.53 earnings per share for the quarter. The company had revenue of $2.29 billion for the quarter. As a group, equities research analysts predict that The Liberty SiriusXM Group will post 1.41 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Citigroup downgraded The Liberty SiriusXM Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $35.00 to $28.00 in a research note on Wednesday.

Insiders Place Their Bets

In related news, major shareholder Berkshire Hathaway Inc acquired 1,250,000 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was bought at an average cost of $27.76 per share, with a total value of $34,700,000.00. Following the transaction, the insider now owns 66,736,288 shares of the company’s stock, valued at $1,852,599,354.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders purchased 6,474,739 shares of company stock valued at $183,064,288. 12.47% of the stock is owned by company insiders.

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.