Baupost Group LLC MA Cuts Stock Position in The Liberty SiriusXM Group (NASDAQ:LSXMK)

Baupost Group LLC MA trimmed its stake in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 75.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,058,616 shares of the technology company’s stock after selling 3,292,432 shares during the period. The Liberty SiriusXM Group accounts for 0.6% of Baupost Group LLC MA’s holdings, making the stock its 22nd biggest position. Baupost Group LLC MA owned about 0.32% of The Liberty SiriusXM Group worth $23,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. increased its position in shares of The Liberty SiriusXM Group by 100.5% during the second quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock worth $37,000 after purchasing an additional 839 shares in the last quarter. Motco raised its position in shares of The Liberty SiriusXM Group by 172,300.0% in the first quarter. Motco now owns 1,724 shares of the technology company’s stock valued at $51,000 after buying an additional 1,723 shares during the last quarter. Quest Partners LLC purchased a new position in shares of The Liberty SiriusXM Group in the second quarter worth about $42,000. Principal Securities Inc. acquired a new position in The Liberty SiriusXM Group during the fourth quarter worth about $66,000. Finally, UniSuper Management Pty Ltd grew its stake in The Liberty SiriusXM Group by 91.7% during the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LSXMK shares. Rosenblatt Securities dropped their price target on The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. StockNews.com began coverage on The Liberty SiriusXM Group in a report on Thursday. They issued a “sell” rating for the company.

The Liberty SiriusXM Group Stock Performance

LSXMK stock opened at $22.29 on Friday. The Liberty SiriusXM Group has a one year low of $20.05 and a one year high of $31.67. The firm has a market cap of $7.28 billion and a PE ratio of 9.17. The firm’s 50 day moving average price is $22.49 and its 200-day moving average price is $23.98.

The Liberty SiriusXM Group (NASDAQ:LSXMK) last posted its earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter. The business had revenue of $2.18 billion during the quarter.

The Liberty SiriusXM Group Company Profile

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.