Banyan Capital Management Inc. Acquires 2,603 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Banyan Capital Management Inc. raised its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMK) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 344,124 shares of the technology company’s stock after purchasing an additional 2,603 shares during the period. The Liberty SiriusXM Group makes up about 4.6% of Banyan Capital Management Inc.’s portfolio, making the stock its 13th largest holding. Banyan Capital Management Inc. owned approximately 0.11% of The Liberty SiriusXM Group worth $7,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Mather Group LLC. raised its position in shares of The Liberty SiriusXM Group by 100.5% in the 2nd quarter. Mather Group LLC. now owns 1,674 shares of the technology company’s stock valued at $37,000 after buying an additional 839 shares in the last quarter. Motco grew its position in 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 acquiring an additional 1,723 shares during the last quarter. Quest Partners LLC acquired a new position in The Liberty SiriusXM Group during the second quarter worth about $42,000. Principal Securities Inc. bought a new position in shares of The Liberty SiriusXM Group in the fourth quarter worth about $66,000. Finally, UniSuper Management Pty Ltd boosted its stake in shares of The Liberty SiriusXM Group by 91.7% in the 1st quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors and hedge funds own 56.58% of the company’s stock.

The Liberty SiriusXM Group Price Performance

Shares of NASDAQ LSXMK opened at $22.29 on Friday. The Liberty SiriusXM Group has a 1 year low of $20.05 and a 1 year high of $31.67. The stock has a market capitalization of $7.28 billion and a P/E ratio of 9.17. The company has a 50-day moving average price of $22.50 and a 200-day moving average price of $24.03.

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

Wall Street Analysts Forecast Growth

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

The Liberty SiriusXM Group 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.