Daiwa Securities Group Inc. Invests $35,000 in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Daiwa Securities Group Inc. purchased a new stake in The Liberty SiriusXM Group (NASDAQ:LSXMA) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,563 shares of the technology company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Central Pacific Bank Trust Division acquired a new position in The Liberty SiriusXM Group during the 1st quarter worth $29,000. Beach Investment Counsel Inc. PA acquired a new position in The Liberty SiriusXM Group in the second quarter worth about $30,000. TFO Wealth Partners LLC grew its stake in The Liberty SiriusXM Group by 70,150.0% in the fourth quarter. TFO Wealth Partners LLC now owns 1,405 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,403 shares in the last quarter. Fidelis Capital Partners LLC acquired a new stake in The Liberty SiriusXM Group during the first quarter valued at approximately $94,000. Finally, Headlands Technologies LLC lifted its holdings in The Liberty SiriusXM Group by 548.7% during the 1st quarter. Headlands Technologies LLC now owns 5,138 shares of the technology company’s stock worth $153,000 after buying an additional 4,346 shares during the last quarter. Institutional investors own 28.72% of the company’s stock.

Wall Street Analysts Forecast Growth

LSXMA has been the subject of several analyst reports. Evercore ISI reissued 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 report on Monday, June 24th. Benchmark restated a “buy” rating and issued a $54.00 target price on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $35.13.

The Liberty SiriusXM Group Stock Down 1.2 %

LSXMA stock opened at $22.29 on Thursday. The company has a 50-day simple moving average of $22.53 and a 200 day simple moving average of $24.08. The company 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 issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.21 billion. Equities analysts anticipate that The Liberty SiriusXM Group will post 2.49 EPS for the current year.

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.