Voloridge Investment Management LLC Buys 2,843 Shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA)

Voloridge Investment Management LLC boosted its stake in Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 39.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,114 shares of the technology company’s stock after purchasing an additional 2,843 shares during the quarter. Voloridge Investment Management LLC’s holdings in Liberty Sirius XM Group Series A were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LSXMA. CWM LLC grew its holdings in shares of Liberty Sirius XM Group Series A by 226.3% in the second quarter. CWM LLC now owns 757 shares of the technology company’s stock valued at $29,000 after purchasing an additional 525 shares in the last quarter. Atwater Malick LLC bought a new position in Liberty Sirius XM Group Series A during the third quarter valued at $29,000. Captrust Financial Advisors grew its stake in shares of Liberty Sirius XM Group Series A by 36.9% in the 2nd quarter. Captrust Financial Advisors now owns 1,348 shares of the technology company’s stock worth $51,000 after buying an additional 363 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Liberty Sirius XM Group Series A by 1,621.3% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,377 shares of the technology company’s stock worth $55,000 after buying an additional 1,297 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Liberty Sirius XM Group Series A in the 2nd quarter worth $106,000. 27.70% of the stock is owned by institutional investors and hedge funds.

LSXMA has been the subject of a number of recent research reports. Credit Suisse Group began coverage on Liberty Sirius XM Group Series A in a report on Wednesday, November 27th. They issued an “outperform” rating and a $55.00 target price for the company. Deutsche Bank increased their price target on Liberty Sirius XM Group Series A from $62.00 to $67.00 and gave the company a “buy” rating in a report on Monday, August 19th. Zacks Investment Research downgraded Liberty Sirius XM Group Series A from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 14th. Benchmark began coverage on shares of Liberty Sirius XM Group Series A in a research note on Wednesday, October 9th. They set a “buy” rating and a $60.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, September 23rd. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $57.67.

Shares of LSXMA stock opened at $47.42 on Tuesday. Liberty Sirius XM Group Series A has a twelve month low of $34.92 and a twelve month high of $48.96. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $46.35 and a two-hundred day simple moving average of $41.35. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 23.59 and a beta of 1.23.

In related news, insider Albert E. Rosenthaler sold 118,858 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $47.67, for a total transaction of $5,665,960.86. Also, CEO Gregory B. Maffei sold 10,952 shares of the firm’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $47.72, for a total value of $522,629.44. Insiders sold a total of 684,370 shares of company stock valued at $32,676,508 in the last ninety days.

About Liberty Sirius XM Group Series A

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.

Further Reading: Retained Earnings

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

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