Aristeia Capital L.L.C. Sells 2,565,497 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Aristeia Capital L.L.C. lessened its position in shares of The Liberty SiriusXM Group (NASDAQ:LSXMA) by 90.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 277,283 shares of the technology company’s stock after selling 2,565,497 shares during the quarter. Aristeia Capital L.L.C. owned about 0.08% of The Liberty SiriusXM Group worth $6,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new position in The Liberty SiriusXM Group in the first quarter worth $29,000. Beach Investment Counsel Inc. PA purchased a new position in The Liberty SiriusXM Group during the 2nd quarter worth $30,000. TFO Wealth Partners LLC increased its position in The Liberty SiriusXM Group by 70,150.0% during the 4th quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock valued at $40,000 after buying an additional 1,403 shares in the last quarter. Daiwa Securities Group Inc. purchased a new stake in The Liberty SiriusXM Group in the second quarter valued at about $35,000. Finally, Fidelis Capital Partners LLC acquired a new stake in The Liberty SiriusXM Group in the first quarter worth about $94,000. Hedge funds and other institutional investors own 28.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Benchmark restated a “buy” rating and set a $54.00 price objective on shares of The Liberty SiriusXM Group in a report on Monday, August 12th. Evercore ISI restated an “in-line” rating and set a $27.00 price target (down previously from $36.00) on shares of The Liberty SiriusXM Group in a research note on Monday, June 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, The Liberty SiriusXM Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.13.

The Liberty SiriusXM Group Stock Down 1.2 %

Shares of NASDAQ LSXMA opened at $22.29 on Tuesday. The Liberty SiriusXM Group has a 52 week low of $20.13 and a 52 week high of $31.69. The business’s 50 day moving average price is $22.49 and its 200 day moving average price is $23.89. The firm has a market cap of $7.28 billion and a P/E ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.02). The business had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.21 billion. As a group, research analysts expect that The Liberty SiriusXM Group will post 2.49 earnings per share for the current year.

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.