The Liberty SiriusXM Group (NASDAQ:LSXMK) Position Trimmed by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 20.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 83,364 shares of the technology company’s stock after selling 21,743 shares during the period. State of New Jersey Common Pension Fund D’s holdings in The Liberty SiriusXM Group were worth $1,847,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of The Liberty SiriusXM Group by 0.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,320 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 421 shares in the last quarter. Atlas Capital Advisors LLC grew its stake in The Liberty SiriusXM Group by 5.2% during the 1st quarter. Atlas Capital Advisors LLC now owns 8,746 shares of the technology company’s stock valued at $260,000 after acquiring an additional 435 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of The Liberty SiriusXM Group by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 68,104 shares of the technology company’s stock valued at $1,960,000 after purchasing an additional 660 shares during the period. Mather Group LLC. lifted its position in shares of The Liberty SiriusXM Group by 100.5% in 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. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of The Liberty SiriusXM Group by 6.6% during the first quarter. Rehmann Capital Advisory Group now owns 15,887 shares of the technology company’s stock worth $472,000 after purchasing an additional 981 shares during the period. 56.58% of the stock is currently owned by institutional investors.

The Liberty SiriusXM Group Price Performance

LSXMK opened at $22.29 on Tuesday. The Liberty SiriusXM Group has a fifty-two week low of $20.05 and a fifty-two week high of $31.67. The business has a 50-day moving average of $22.47 and a 200-day moving average of $23.86. The company has a market capitalization of $7.28 billion and a PE ratio of 9.17.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. StockNews.com started coverage on shares of The Liberty SiriusXM Group in a research note on Thursday, September 19th. They issued a “sell” rating on the stock. Rosenblatt Securities dropped their price target on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

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.