Epoch Investment Partners Inc. Sells 83,463 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMA)

Epoch Investment Partners Inc. cut its holdings in The Liberty SiriusXM Group (NASDAQ:LSXMA) by 33.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 168,444 shares of the technology company’s stock after selling 83,463 shares during the period. Epoch Investment Partners Inc. owned approximately 0.05% of The Liberty SiriusXM Group worth $3,731,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in The Liberty SiriusXM Group by 12.7% in the 1st quarter. Vanguard Group Inc. now owns 12,262,936 shares of the technology company’s stock valued at $364,209,000 after acquiring an additional 1,386,685 shares in the last quarter. Point72 Asset Management L.P. lifted its position in 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 worth $75,303,000 after purchasing an additional 190,608 shares during the period. Cadian Capital Management LP grew its stake in The Liberty SiriusXM Group by 35.2% during the fourth quarter. Cadian Capital Management LP now owns 1,474,376 shares of the technology company’s stock worth $42,374,000 after buying an additional 384,000 shares in the last quarter. Boussard & Gavaudan Investment Management LLP bought a new position in The Liberty SiriusXM Group in the 4th quarter valued at about $22,217,000. Finally, Norges Bank acquired a new position in shares of The Liberty SiriusXM Group in the 4th quarter valued at approximately $16,397,000. 28.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LSXMA has been the topic of a number of recent analyst reports. Evercore ISI reissued an “in-line” rating and issued a $27.00 price objective (down from $36.00) on shares of The Liberty SiriusXM Group in a research note on Monday, June 24th. Benchmark reissued a “buy” rating and set a $54.00 price target on shares of The Liberty SiriusXM Group in a report on Monday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on The Liberty SiriusXM Group from $34.00 to $31.50 and set a “buy” rating on the stock in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $35.13.

The Liberty SiriusXM Group Stock Performance

Shares of NASDAQ:LSXMA opened at $22.29 on Tuesday. The Liberty SiriusXM Group has a 52-week low of $20.13 and a 52-week high of $31.69. The company has a market capitalization of $7.28 billion and a PE ratio of 9.17. The company has a fifty day moving average of $22.49 and a 200-day moving average of $23.89.

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 the consensus estimate 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, equities analysts forecast that The Liberty SiriusXM Group will post 2.49 EPS for the current fiscal year.

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.