Royal London Asset Management Ltd. Takes Position in Liberty Sirius XM Group Series C (LSXMK)

Royal London Asset Management Ltd. bought a new position in Liberty Sirius XM Group Series C (NASDAQ:LSXMK) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 71,908 shares of the technology company’s stock, valued at approximately $2,627,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in Liberty Sirius XM Group Series C by 2.4% in the 3rd quarter. BlackRock Inc. now owns 11,245,338 shares of the technology company’s stock worth $488,607,000 after acquiring an additional 265,555 shares during the period. Citadel Advisors LLC grew its stake in Liberty Sirius XM Group Series C by 63.9% in the 3rd quarter. Citadel Advisors LLC now owns 1,524,593 shares of the technology company’s stock worth $66,244,000 after acquiring an additional 594,342 shares during the period. Bamco Inc. NY purchased a new stake in Liberty Sirius XM Group Series C in the 3rd quarter worth approximately $47,795,000. Thompson Siegel & Walmsley LLC grew its stake in Liberty Sirius XM Group Series C by 13.4% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 1,050,607 shares of the technology company’s stock worth $45,649,000 after acquiring an additional 124,009 shares during the period. Finally, First Manhattan Co. boosted its holdings in shares of Liberty Sirius XM Group Series C by 15.1% in the 3rd quarter. First Manhattan Co. now owns 970,675 shares of the technology company’s stock valued at $42,175,000 after purchasing an additional 127,318 shares during the last quarter. 79.86% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Liberty Sirius XM Group Series C from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Friday, February 1st. Pivotal Research decreased their price target on shares of Liberty Sirius XM Group Series C from $62.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, November 12th.

Shares of LSXMK opened at $40.18 on Thursday. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 12.14 and a beta of 1.20. Liberty Sirius XM Group Series C has a fifty-two week low of $34.84 and a fifty-two week high of $48.56.

Liberty Sirius XM Group Series C (NASDAQ:LSXMK) last announced its quarterly earnings results on Thursday, November 8th. The technology company reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.03). The business had revenue of $1.47 billion for the quarter. Equities research analysts expect that Liberty Sirius XM Group Series C will post 2.1 earnings per share for the current year.

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Liberty Sirius XM Group Series C 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 Sirius XM on Demand over its Internet radio service through applications for mobile and home devices, and other consumer electronic equipment.

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

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