Commonwealth Equity Services LLC Purchases 490 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Commonwealth Equity Services LLC lifted its position in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 1.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,285 shares of the technology company’s stock after purchasing an additional 490 shares during the quarter. Commonwealth Equity Services LLC’s holdings in The Liberty SiriusXM Group were worth $914,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in The Liberty SiriusXM Group during the first quarter worth approximately $29,000. Beach Investment Counsel Inc. PA bought a new position in shares of The Liberty SiriusXM Group during the second quarter valued at approximately $30,000. TFO Wealth Partners LLC grew its stake in shares of The Liberty SiriusXM Group by 70,150.0% during the fourth 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 during the last quarter. Fidelis Capital Partners LLC bought a new position in shares of The Liberty SiriusXM Group during the first quarter valued at approximately $94,000. Finally, Headlands Technologies LLC grew its stake in shares of The Liberty SiriusXM Group by 548.7% during the first quarter. Headlands Technologies LLC now owns 5,138 shares of the technology company’s stock valued at $153,000 after buying an additional 4,346 shares during the last quarter. 28.72% of the stock is owned by institutional investors.

The Liberty SiriusXM Group Stock Performance

NASDAQ LSXMA opened at $22.29 on Wednesday. The stock’s fifty day moving average is $22.54 and its two-hundred day moving average is $24.09. The firm has a market capitalization of $7.28 billion and a P/E ratio of 9.17. The Liberty SiriusXM Group has a fifty-two week low of $20.13 and a fifty-two week high of $31.69.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its earnings results on Thursday, August 8th. The technology company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $2.18 billion during the quarter, compared to the consensus estimate of $2.21 billion. As a group, sell-side analysts forecast that The Liberty SiriusXM Group will post 2.49 EPS for the current year.

Analysts Set New Price Targets

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

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.