Liberty Sirius XM Group Series A (NASDAQ:LSXMA) Shares Sold by United Services Automobile Association

United Services Automobile Association cut its holdings in shares of Liberty Sirius XM Group Series A (NASDAQ:LSXMA) by 70.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,311 shares of the technology company’s stock after selling 41,552 shares during the period. United Services Automobile Association’s holdings in Liberty Sirius XM Group Series A were worth $655,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Liberty Sirius XM Group Series A by 0.7% in the second quarter. BlackRock Inc. now owns 6,129,410 shares of the technology company’s stock worth $231,752,000 after acquiring an additional 41,472 shares during the period. FMR LLC raised its position in shares of Liberty Sirius XM Group Series A by 62.2% in the first quarter. FMR LLC now owns 2,496,738 shares of the technology company’s stock worth $95,326,000 after acquiring an additional 957,483 shares during the period. CQS Cayman LP raised its position in shares of Liberty Sirius XM Group Series A by 6.8% in the second quarter. CQS Cayman LP now owns 884,771 shares of the technology company’s stock worth $33,453,000 after acquiring an additional 56,080 shares during the period. Marshall Wace North America L.P. raised its position in shares of Liberty Sirius XM Group Series A by 36.6% in the second quarter. Marshall Wace North America L.P. now owns 850,532 shares of the technology company’s stock worth $32,158,000 after acquiring an additional 227,977 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Liberty Sirius XM Group Series A by 1.1% in the second quarter. Gamco Investors INC. ET AL now owns 728,396 shares of the technology company’s stock worth $27,541,000 after acquiring an additional 7,752 shares during the period. 27.34% of the stock is currently owned by institutional investors and hedge funds.

In other Liberty Sirius XM Group Series A news, insider Albert E. Rosenthaler sold 3,398 shares of the stock in a transaction dated 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 sale, the insider now owns 9,990 shares in the company, valued at approximately $281,917.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Brian J. Wendling sold 14,533 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $38.47, for a total transaction of $559,084.51.

LSXMA opened at $42.30 on Friday. Liberty Sirius XM Group Series A has a twelve month low of $34.92 and a twelve month high of $43.57. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. The company has a 50-day moving average price of $41.13 and a 200 day moving average price of $39.45. The company has a market cap of $13.27 billion, a PE ratio of 21.04 and a beta of 1.19.

Liberty Sirius XM Group Series A (NASDAQ:LSXMA) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.52 earnings per share for the quarter. Liberty Sirius XM Group Series A had a net margin of 8.06% and a return on equity of 2.40%. The firm had revenue of $1.98 billion during the quarter.

Several research firms recently weighed in on LSXMA. Zacks Investment Research downgraded 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. Benchmark began coverage on shares of Liberty Sirius XM Group Series A in a research report on Wednesday. They set a “buy” rating and a $60.00 price target for the company. Citigroup upped their price target on shares of Liberty Sirius XM Group Series A from $50.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, September 23rd. Pivotal Research restated a “buy” rating and set a $67.00 price target on shares of Liberty Sirius XM Group Series A in a research report on Sunday, August 11th. Finally, Deutsche Bank upped their price target 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 investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $58.20.

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.

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

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