Marshall Wace LLP Takes $387,000 Position in The Liberty SiriusXM Group (NASDAQ:LSXMA)

Marshall Wace LLP acquired a new position in The Liberty SiriusXM Group (NASDAQ:LSXMA) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,477 shares of the technology company’s stock, valued at approximately $387,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Virtu Financial LLC lifted its position in The Liberty SiriusXM Group by 82.5% in the 4th quarter. Virtu Financial LLC now owns 107,556 shares of the technology company’s stock worth $3,091,000 after buying an additional 48,608 shares during the last quarter. Boston Partners purchased a new stake in shares of The Liberty SiriusXM Group in the 1st quarter valued at $9,499,000. Vanguard Group Inc. grew its holdings in shares of The Liberty SiriusXM Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 10,876,251 shares of the technology company’s stock valued at $312,583,000 after purchasing an additional 131,699 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in The Liberty SiriusXM Group by 7.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,167 shares of the technology company’s stock worth $1,075,000 after purchasing an additional 2,356 shares during the period. Finally, Headlands Technologies LLC lifted its stake in The Liberty SiriusXM Group by 536.3% in the second quarter. Headlands Technologies LLC now owns 32,692 shares of the technology company’s stock worth $724,000 after purchasing an additional 27,554 shares during the last quarter. 28.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on LSXMA shares. Deutsche Bank Aktiengesellschaft dropped 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 reaffirmed a “buy” rating and set a $54.00 price target on shares of The Liberty SiriusXM Group in a research report on Monday, August 12th. Finally, Evercore ISI reiterated an “in-line” rating and issued a $27.00 price objective (down previously from $36.00) on shares of The Liberty SiriusXM Group in a report on Monday, June 24th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.13.

The Liberty SiriusXM Group Stock Performance

NASDAQ:LSXMA opened at $22.29 on Friday. The firm has a market cap 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 firm has a 50-day simple moving average of $22.37 and a two-hundred day simple moving average of $23.32.

The Liberty SiriusXM Group (NASDAQ:LSXMA) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.02). The firm had revenue of $2.18 billion during the quarter, compared to analysts’ expectations of $2.21 billion. On average, equities research analysts predict that The Liberty SiriusXM Group will post 2.49 EPS for the current 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.