Sei Investments Co. Acquires 25,642 Shares of The Liberty SiriusXM Group (NASDAQ:LSXMK)

Sei Investments Co. increased its holdings in shares of The Liberty SiriusXM Group (NASDAQ:LSXMK) by 376.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,447 shares of the technology company’s stock after acquiring an additional 25,642 shares during the period. Sei Investments Co.’s holdings in The Liberty SiriusXM Group were worth $719,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LSXMK. Mather Group LLC. boosted 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 worth $37,000 after purchasing an additional 839 shares in the last quarter. Quest Partners LLC purchased a new position in The Liberty SiriusXM Group during the second quarter valued at $42,000. Motco boosted its holdings 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 worth $51,000 after acquiring an additional 1,723 shares in the last quarter. UniSuper Management Pty Ltd grew its stake in shares of The Liberty SiriusXM Group by 91.7% in the first quarter. UniSuper Management Pty Ltd now owns 2,300 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in shares of The Liberty SiriusXM Group during the first quarter valued at $131,000. Hedge funds and other institutional investors own 56.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com started coverage on shares of The Liberty SiriusXM Group in a research note on Sunday. They issued a “sell” rating on the stock. Rosenblatt Securities dropped their target price on shares of The Liberty SiriusXM Group from $29.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

The Liberty SiriusXM Group Trading Down 1.2 %

The Liberty SiriusXM Group stock opened at $22.29 on Wednesday. The Liberty SiriusXM Group has a 12 month low of $20.05 and a 12 month high of $31.67. The stock has a fifty day simple moving average of $22.37 and a two-hundred day simple moving average of $23.30. The firm has a market cap of $7.28 billion and a price-to-earnings ratio of 9.17.

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

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.