Baupost Group LLC MA Has $13.29 Million Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Baupost Group LLC MA cut its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 77.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 600,194 shares of the technology company’s stock after selling 2,077,462 shares during the quarter. The Liberty SiriusXM Group makes up 0.4% of Baupost Group LLC MA’s portfolio, making the stock its 24th largest position. Baupost Group LLC MA owned 0.18% of The Liberty SiriusXM Group worth $13,294,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in The Liberty SiriusXM Group by 12.7% during the 1st quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock worth $364,209,000 after buying an additional 1,386,685 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of The Liberty SiriusXM Group by 7.8% during the fourth quarter. Point72 Asset Management L.P. now owns 2,620,134 shares of the technology company’s stock valued at $75,303,000 after acquiring an additional 190,608 shares during the period. Cadian Capital Management LP boosted its holdings in The Liberty SiriusXM Group by 35.2% in the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock valued at $42,374,000 after acquiring an additional 384,000 shares during the last quarter. UBS Group AG increased its position in The Liberty SiriusXM Group by 769.2% in the fourth quarter. UBS Group AG now owns 1,402,409 shares of the technology company’s stock worth $40,305,000 after purchasing an additional 1,241,057 shares during the period. Finally, Boussard & Gavaudan Investment Management LLP bought a new stake in The Liberty SiriusXM Group during the 4th quarter worth about $22,217,000. 28.72% of the stock is owned by institutional investors.

The Liberty SiriusXM Group Stock Down 1.2 %

Shares of NASDAQ LSXMA opened at $22.29 on Friday. The Liberty SiriusXM Group has a twelve month low of $20.13 and a twelve month high of $31.69. The company’s fifty day moving average is $22.50 and its 200-day moving average is $24.02. The stock has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share (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 analysts’ expectations of $2.21 billion. On average, research analysts anticipate that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on LSXMA shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating for the company in a research report on Monday, June 17th. Benchmark reiterated a “buy” rating and set a $54.00 target price on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Finally, Evercore ISI reissued 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 research note on Monday, June 24th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.13.

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.